WASHINGTON, D.C. – U.S. Sen. John Kennedy (R-La.) today announced that his bill to help disaster victims rebuild and recover cleared the Senate Committee on Small Business and Entrepreneurship. The legislation now moves to the Senate floor.
The bill, S.862, the Rebuilding Small Businesses After Disasters Act, will allow the Small Business Administration (SBA) to permanently increase the ceiling on loans for disaster victims from $14,000 to $25,000. The new limit would apply to physical damage loans under a SBA disaster declaration.
Last year, President Trump signed into law legislation by Sen. Kennedy that temporarily raised the loan limit. S.862 would make that increase permanent.
Sen. Kennedy is the lead sponsor of the bill. Sens. Cory Booker (D-N.J.) and Marco Rubio (R-Fla.) are cosponsors.
“When disaster strikes, Louisianans want to get back into their homes and businesses as soon as possible. They want to replace the wet sheetrock and get the blue tarps off their roofs,” said Sen. Kennedy. “We don’t want to impede their road to recovery.”
WASHINGTON, D.C. –U.S. Sen. John Kennedy (R-La.) announced a $10.5 million FEMA grant for the Mirabeau Water Garden in New Orleans to help mitigate flooding in New Orleans.
The grant will fund storm water management projects and flood protection systems. The site will have the capacity to store storm water and reduce flooding in the surrounding neighborhoods.
“The folks in New Orleans are no strangers to flooding and the complications that creates,” said Sen. Kennedy. “This grant will fund a public works project that will reduce flooding and damage to people’s homes.”
WASHINGTON, D.C. – U.S. Sen. John Kennedy (R-La.) issued the following statement on the conclusion of the Mueller Report.
“I have read AG Barr’s summary of the Mueller Report very carefully,” said Sen. Kennedy. “Here’s the bottom line: After 22 months and 2800 subpoenas, Mr. Mueller and his team of 19 lawyers and 40 FBI Agents found no evidence of collusion between the Trump campaign and the Russians and declined to prosecute anyone for obstruction of justice. It’s time to move on.”
WASHINGTON, D.C. – U.S. Sen. John Kennedy (R-La.) announced today a $6.1 million grant from the Department of Health and Human Services to combat the opioid crisis in Louisiana.
These grants are part of the second segment of the State Opioid Response Grants aimed at expanding access to treatments for opioid addictions.
“Thousands of Louisiana families are impacted by this devastating widespread crisis,” said Sen. Kennedy. “This grant will help provide new addiction treatment and prevention options and will enhance state treatment programs.”
WASHINGTON, D.C. –U.S. Sens. John Kennedy (R-La.) and Kevin Cramer (R-N.D.) introduced the Freedom Financing Act this week to ban financial institutions from denying service to certain constitutionally protected industries that are fully compliant with all laws and statutes. This legislation ensures large financial institutions cannot discriminate against law-abiding companies that sell firearms, ammunition or other sporting goods by refusing to provide these companies their financial services. Financial institutions with less than $10 billion in assets will be exempt from complying with this legislation.
“It’s not a bank’s job to create policy. They need to leave the policymaking to Congress,” said Senator Kennedy. “Banks should not be able to discriminate against lawful customers on the basis of social policy. The banks should keep in mind that these lawful customers are the same hard-working taxpayers who bailed them out during the recession. This legislation will ban big banks from refusing to do business with customers that may not share the same political values as the bank. This kind of power move is an unfair assertion of dominance by the big banks, which is why it should be illegal.”
“A small number of banks controlling most of the financial sector could effectively illegalize legal commerce by refusing to finance certain industries or process certain transactions,” said Senator Cramer. “Look no further than pro-Second Amendment industries where such discrimination has already occurred. Big banks should not be the arbiters of constitutionality.”
Mar 15 2019
WASHINGTON, D.C. – U.S. Sen. John Kennedy (R-La.) sent a letter to Federal Communications Commission Chairman Ajit Pai urging him to reject a privately-managed spectrum sale that could deny faster 5G service to rural communities. The letter is copied below.
“Luxembourg shouldn’t reap huge profits at the expense of Louisianans. A multi-billion dollar, closed-door spectrum deal would mostly benefit foreign-owned satellite companies. The C-Band needs to be put up for public auction,” said Sen. Kennedy. “Our rural families stand to lose the most when only one or two giant corporations control all of the spectrum access. Competition is what makes America the great nation that it is today.”
The Honorable Ajit Pai
Federal Communications Commission
445 12th Street, SW
Washington, DC 20554
Dear Chairman Pai,
I am pleased to see the Federal Communications Commission (FCC) explore additional opportunities for spectrum to help accelerate the deployment of 5G to communities across the country, including in rural America. These efforts will help ensure that America wins the race to 5G. Mid-band spectrum, specifically the C-band, is well-suited for 5G services. I believe it is critical that the process for allocating C-band spectrum for 5G must be fair, open, and transparent. I remain concerned that the proposal made by a consortium of foreign-owned satellite providers known as the C-Band Alliance (CBA) meets none of these requirements.
The CBA has proposed an unprecedented private reorganization and spectrum sale with little FCC oversight and public input. The CBA has every incentive to propose a plan that serves its own interests. For instance, the CBA could limit the amount of spectrum it would make available in order to raise the price it could charge 5G providers. A privately-managed spectrum sale conducted behind closed doors will favor certain parties, exclude others, and most importantly, lead to the inefficient deployment of valuable 5G spectrum. However, a public auction put on by the FCC would allow for the most competitive allocation of licenses to best enable 5G deployment. It will also permit a fair, open, and transparent process.
While the CBA has tried to cloak its proposal as a conventional secondary sale of spectrum, it is actually a fundamental reorganization of the C-Band out of public view. The stakes are too high for the FCC to outsource this critical function to unaccountable, foreign-owned private parties. Because the airwaves are a public resource, the FCC must oversee the transition of the C-Band. Unlike this consortium of self-interested foreign-owned satellite companies, the FCC is best suited to make transparent and fair decisions that prioritize the public interest and maximize the public good.
A privately-managed spectrum sale would give the CBA the means to sell nationwide licenses to the largest wireless carriers, with little concern for competitive carriers and new entrants. This outcome would be particularly harmful for rural America as large wireless carriers may never deploy 5G service in these communities. The CBA’s members would also have the incentive to raise prices for their remaining satellite services. This would have a disproportionate impact on rural cable operators and their customers.
I urge you and the FCC to reject the CBA proposal and to instead exercise the responsibility given by Congress to determine the appropriate allocation of C-Band spectrum for 5G use. I believe it is necessary for the FCC to utilize an open and public auction process.
Thank you for considering these views and for your service to America.
United States Senator
WASHINGTON, D.C. –U.S. Sen. John Kennedy (R-La.) introduced the Own Your Own Data Act today, which will prohibit the collection of private data by social media companies and grant users the property rights to all of the data that they generate on the internet.
“The information that you share on social media is your own data, whether it’s a photo of your children or private messages you share with your friends. You create that content. You should own it.” said Sen. Kennedy. “This legislation allows users to access the personal data that social media companies have compiled, and it transfers data property rights back into the hands of the users. These social media companies should not own the data that you create. This legislation will give control and ownership back to the users.”
Sens. John Kennedy (R-La.) and Mark Warner (D-Va.) introduce bill to help victims of investment fraud
Mar 14 2019
WASHINGTON, D.C. –U.S. Sens. John Kennedy (R-La.) and Mark Warner (D-Va.), members of the Senate Banking Committee, introduced the Securities Fraud Enforcement and Investor Compensation Act that would give the Securities and Exchange Commission (SEC) the ability to seek restitution for investors harmed by securities fraud.
The SEC has relied on history and precedent for guidance on how to seek restitution for investors harmed by Ponzi schemes and investment scams. This legislation gives the SEC clear statutory guidance and power to seek restitution for harmed investors.
Many Ponzi schemes and investment scams go on for years before they are uncovered. This legislation increases the window of time when the SEC can seek restitution on an investor’s behalf from five years to 10 years.
“Investors who are scammed by con artists like Bernie Madoff and Allen Stanford lose their life savings. All too often, the victims of financial fraud aren’t wealthy people,” said Sen. Kennedy. “They’re middle class Americans who lose every penny they set aside for their retirements. Because of a narrow window of time for recouping stolen investment dollars, fraudsters are actually incentivized to keep the shell game going for decades. This bill addresses that problem.”
“As Bernie Madoff demonstrated, financial fraudsters can sometimes go on for years, even decades, before they finally get caught. They shouldn’t be able to rip off investors just because some arbitrary five-year window has expired,” said Sen. Warner. “This bill will give the Securities and Exchange Commission more time and additional tools to seek restitution for everyday Americans who fall victim to investment scams.”
Sen. John Kennedy (R-La.) Issues Statement on His Vote to Support President Trump’s National Emergency Declaration
Mar 14 2019
WASHINGTON, D.C. –U.S. Sen. John Kennedy (R-La.) voted today to uphold President Donald Trump’s declaration of a national emergency at the southern border.
“Declaring a national emergency was never my first choice for addressing the crisis at the border, but I don’t share the same hysteria of some of my colleagues about the president’s use of the National Emergencies Act. It doesn’t scare me,” said Sen. Kennedy. “Unfortunately, my Democratic colleagues refuse to face the reality and urgency of the crisis at the southern border. Today’s vote was an easy decision. I voted for border security and a much-needed border wall because we need to enforce our immigration laws.”
Mar 14 2019
WASHINGTON, D.C. – U.S. Sen. John Kennedy (R-La.) today announced the appointment of Wesley P. Launey, of Ville Platte, to the U.S. Air Force Academy. Wesley is Sen. Kennedy’s fifth service academy nominee this year to be offered an appointment.
Wesley attends Sacred Heart High School, where he has a nearly perfect grade point average. He is active in football, baseball, track and field and power lifting. Wesley is the son of Jacob Launey and Britney Fontenot.
“Students like Wesley are among Louisiana’s best and brightest. I’m so thankful that Wesley wants to serve our country,” said Sen. Kennedy. “At Sacred Heart, Wesley has pursued academics and athletics. He is motivated to succeed.”
Academies review nominations before narrowing the list and offering appointments. To learn more about the academy nomination process, visit https://www.kennedy.senate.gov/public/academy-nominations