Wyden, Hatch, Rockefeller, Thune: Trans-Pacific Partnership Must Protect Cross-Border Data Flows to Grow Digital Economy
WASHINGTON –To ensure the 21st-century digital economy is not stifled by harmful trade barriers, Senate Finance Committee Chairman Ron Wyden, D-Ore., and Ranking Member Orrin Hatch, R-Utah, with Sens. Jay Rockefeller, D-W.V., and John Thune, R-S.D., chairman and ranking member of the Senate Commerce Committee, called on U.S. trade negotiators to ensure cross-border data flows […]
Wyden, Harkin Ask Agencies to Review Impact of Pension De-risking Strategies for Current and Future Retirees
WASHINGTON – Senate Finance Committee Chairman Ron Wyden, D-Ore., and Senate Health, Education, Labor, and Pensions (HELP) Committee Chairman Tom Harkin, D-Iowa, today sent a letter to the Departments of Treasury and Labor, the Pension Benefit Guaranty Corporation (PBGC) and the Consumer Financial Protection Bureau (CFPB) requesting the federal government establish clear and specific rules to […]
Wyden Statement on Inversions
Senate Finance Committee Chairman Ron Wyden, D-Ore., today issued the following statement: “It’s encouraging that companies like AbbVie, and their shareholders, recognize the strategic business value of remaining an American company. I’m confident that the enduring value of being an American enterprise with the most skilled, productive workforce in the world will continue to help […]
Wyden, Top Tech Executives: End Mass Surveillance to Boost Digital Economy
PALO ALTO, CA –Senate Finance Committee Chairman Ron Wyden and executives from Dropbox, Facebook, Google, and Microsoft today said immediately ending dragnet surveillance will provide an economic booster shot to the U.S. tech sector and make America more competitive in the global digital economy. The tech leaders said mass surveillance has cost American tech companies […]
Fact Sheet: Obama Economy Boosts Wall Street, Not Main Street
Since the President took office in January 2009, middle-class Americans have been saddled with slow economic growth, weak job markets, and smaller paychecks. Following is an analysis, prepared by the Senate Finance Committee Minority Staff, on the Obama economy: WEAK JOB MARKETS: When President Obama came into office, the national unemployment rate was 7.8 percent […]
Wyden Remarks on Ending Mass Surveillance to Boost Digital Economy
Silicon Valley, like the Silicon Forest in my home state of Oregon, is the launching pad of the digital economy. In the digital economy, the American Brand represents innovation, open communication, economic opportunity, and American values. Except when it doesn’t. It is clear that the global community of Internet users doesn’t like being caught up […]
Wyden Statement on Damaging Uncertainty of Extenders Inaction
WASHINGTON – Senate Finance Committee Chairman Ron Wyden, D-Ore., issued the following statement today after receiving a letter from IRS Commissioner John Koskinen regarding the negative impact of continuing Congressional inaction on a set of tax provisions known as “extenders:” “It has been over six months since the Finance Committee passed the EXPIRE Act with strong […]
Hatch on President’s Speech on the American Economy
WASHINGTON – U.S. Senator Orrin Hatch (R-Utah), Ranking Member of the Senate Finance Committee, issued the following statement after President Obama delivered remarks today on the economy: “Over the past six years hard-working, middle-class families have been squeezed by the President’s failed economic policies. Bigger government, higher taxes, more spending, and rising debt have left […]
Wyden, Leading Tech Companies to Discuss Impact of U.S. Mass Surveillance on Digital Economy
WASHINGTON – Senate Finance Committee Chairman Ron Wyden, D-Ore., will hold a Chairman’s Roundtable with leadership from the technology industry including Dropbox, Facebook, Google, Greylock Partners and Microsoft on Wednesday, October 8 on the topic of “The Impact of Mass Surveillance on the Digital Economy”. In his first public forum in Silicon Valley as chairman, […]
Hatch, Corker Seek Update from Obama Administration on WTO Compliance for Foreign Export-Import Banks
WASHINGTON – In a letter to United States Trade Representative Michael Froman, U.S. Senators Orrin Hatch (R-Utah) and Bob Corker (R-Tenn.) asked the Obama administration to update Congress on efforts to ensure that foreign export-import banks are in compliance with World Trade Organization (WTO) rules. Recent growth in the size and scope of some foreign entities has […]