This week, the House made significant strides in our efforts to rebuild the economy to immediately help families and provide for long-term growth. We passed and sent to the President the Fraud Enforcement and Recovery Act, the Helping Families Save Their Homes Act, and the Credit Cardholders' Bill of Rights Act. By signing these bills into law this week, President Obama reaffirmed our commitment to rebuilding the economy in a way that protects consumers and restores fairness.
On Thursday night, the House Energy and Commerce Committee completed its markup of the American Clean Energy and Security Act, moving the bill one step closer to a full vote in the House of Representatives. This bill will create new clean energy jobs, lower energy costs, put America on a path to energy independence, and reduce global warming pollution. Included as an amendment by Rep. Inslee is a measure I introduced to expand the production of superconducting and other advanced electric transmission cables, which aims to improve transmission efficiency, increase the reliability of the power grid, and assist in the deployment of alternative energies. It is my hope that we can bring this bill to the Floor by August.
In addition to the bills signed into law this week, Congress has accomplished a great deal in our first five months. We have passed and enacted the American Recovery and Reinvestment Act, which sought to restore our economy and invest in future growth; a major mortgage reform bill to help responsible homeowners; the Edward Kennedy Serve America Act, which will create new service opportunities for more Americans to volunteer and help their communities; the State Children's Health Insurance Program; the Lilly Ledbetter Fair Pay Act; and a budget that invests in our future and will reduce our nation’s deficit.
Our work, however, is far from over. Beginning in June, we will be focused on clean energy legislation, health care reform, and appropriations bills that invest in America’s priorities. As we continue to work on health care reform, sign up to receive "The Daily Dose"
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