THE LEADER'S REPORT: WEEK OF FEBRUARY 02, 2009

For Immediate Release:

February 6, 2009

Contact:Katie Grant
Stephanie Lundberg
(202) 225 - 3130

Leader's Report
majorityleader.house.gov · (202) 225-3130
  
MESSAGE FROM THE MAJORITY LEADER

On Wednesday, I joined Members of Congress at the White House as President Obama signed legislation reauthorizing the State Children's Health Insurance Program (SCHIP) into law. This historic legislation, vetoed twice by President Bush, will now cover 11 million children, including an additional 4 million uninsured but eligible kids. With rising unemployment and more families struggling to afford health care, this children’s health bill is more critical than ever. This is exactly the kind of change Americans voted for in November, and I am proud that this legislation is finally law.
 
I’m pleased that the Obama Administration took action this week to restore trust in our financial industry by setting restrictions on executive compensation for institutions that receive government assistance.  While we work to prevent further financial collapse, companies receiving federal aid must be held accountable for how they use the taxpayer’s money.  They must understand that the abuse of such funds will not be allowed.
 
Today, the Department of Labor announced bleak numbers for American workers, with the U.S. economy losing 598,000 jobs in January, the largest one-month decline since 1974, and an unemployment rate of 7.6%.  Next week, we will continue our work on the American Recovery and Reinvestment Act, which addresses the extraordinary crisis facing our nation by creating and saving millions of jobs to put Americans back to work. I hope Republicans will continue to work with us in the constructive manner that this urgent situation requires so we can get a final bill to President Obama as soon as possible.
 
Sincerely yours,

Steny H. Hoyer

STENY H. HOYER



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MAJORITY NEWS UPDATE

Hoyer Statement on State Children's Health Insurance Program
On Wednesday, Majority Leader Hoyer joined President Obama and Members of Congress at the White House for the signing of the State Children's Health Insurance Program.
 
Hoyer: Dismal Jobs Report Means Urgent Action Is Needed on Economic Recovery Legislation
Today, Majority Leader Hoyer responded to a report from the Department of Labor that the U.S. economy lost 598,000 jobs in January, the largest one-month decline since 1974, and the unemployment rate hit 7.6%, its highest point in 16 years.
 
Hoyer: Executive Compensation Restrictions a Positive Step
This week, Majority Leader Hoyer applauded the Obama Administration for issuing new restrictions on executive compensation for financial institutions receiving assistance from the government.

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Hoyer Statement on Budget Hearing on Defense Plans

On Wednesday, Majority Leader Hoyer commended Chairman Spratt and the House Budget Committee for taking an important first step in examining defense budget plans over the long-term.

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