BPC Blog

Jul. 25, 2014

On July 15, BPC hosted former Senator Chris Dodd, former U.S. Comptroller of the Currency Gene Ludwig and an expert panel for a discussion of what has been accomplished in financial regulatory reform since the financial crisis.

Keynote remarks by former Senator Chris Dodd and former Comptroller of the Currency Gene Ludwig at BPC’s event “Dodd-Frank at Four: Making Progress, Meeting Challenges, & Finding Solutions”

 

In the ongoing dialogue over the current child migration crisis, attention has recently focused on what happens to children after they are apprehended at the border. Several outlets have reported the number of children deported in recent years based on statistics from Immigration and Customs Enforcement (ICE). While an increasing number of children apprehended are under age 14, the Pew Research Center recently released data that showed that 84 percent of children apprehended so far in 2014 were teenagers. Because of long backlogs in the immigration court system, some of these teenagers will turn 18 before their removal. In order to get a clearer picture of how many apprehended minors are ultimately removed, these “age-out” cases should be included.

Obama: "I speak for so many Americans when I say that the country could use a lot more public servants like Tom Kean and Lee Hamilton."

Understanding the legal requirements and the history of the Wilberforce Trafficking Victims Protection Reauthorization Act of 2008 (TVPRA)

Under the William Wilberforce Trafficking Victims Protection Reauthorization Act of 2008, the Department of Homeland Security screens Mexican children within 48 hours of apprehension to determine if the child is a victim of trafficking or has a claim to asylum based on fear of persecution. If the child does not meet that criteria, they are eligible to agree to a voluntary return and speedy repatriation to Mexico. On the other hand, unaccompanied alien children from non-contiguous countries must be transferred to Office of Refugee Resettlement within 72 hours of apprehension and are guaranteed an immigration court hearing.

Beth Ann Bovino

Beth Ann Bovino is the U.S. chief economist at Standard & Poor’s Ratings Services and was named the most accurate forecaster of the U.S. economy in 2013 by The Wall Street Journal. Don’t miss her panel of all-star economists on Tuesday, September 16 as they navigate mixed signals and varied housing indicators to share their outlook on when we can expect a full economic recovery.

Personal relationships were at the heart of some of the most significant legislative accomplishments of the 20th century

One secret of the modern Congress is that many members simply do not know each other very well, or at all. As the Commission on Political Reform noted in its report, “Members do not eat together, their families do not interact, and consequently they do not get to know each other very well.” This is a marked change from the past, when such interaction was commonplace. Personal relationships were at the heart of some of the most significant legislative accomplishments of the 20th century.

BPC recognizes Representative David McKinley (R-WV) and Rep. Diana DeGette (D-CO) for their bipartisan efforts on the Energy and Commerce committee. The pair introduced H.R. 3565: The Biennial Commission on Energy Policy Act of 2013 in November of 2013, and have continued to be amicable, regardless of their political affiliation. The legislation would amend the Department of Energy Organization Act to create a commission to develop energy policy reform.

BPC has offered a number of proposals to reform particular tax expenditures and the entire tax code

We recently blogged about the various types of federal tax expenditures, which in total, will cost about $1.4 trillion in Fiscal Year 2014. In this post, we highlight ten of the largest, each of which policymakers will likely need to consider in the context of comprehensive tax reform. 

Cooperation between the executive and legislative branches are critical to the success of a final deal on Iran’s nuclear program

In November 2013, the Joint Plan of Action (JPA), negotiated between the P5+1 countries, including the United States, and Iran, gave negotiators six months to reach an agreement on the future of Iran’s nuclear program. In anticipation of this weekend’s July 20 JPA deadline, diplomatic leaders, including Secretary of State John Kerry, Iranian Foreign Minister Mohammed Javad Zarif, chief U.S. negotiator Wendy Sherman, and members of the diplomatic corps from other P5+1 countries and Iran have converged on Vienna, hoping to announce a final deal in the coming days. 

Studies show U.S. LNG used for electricity generation in Europe and Asia have lower greenhouse gas emissions in comparison to coal, but that methane leakage rate a key driver

Last month the U.S. Department of Energy (DOE) released two studies on the environmental impacts of U.S. liquefied natural gas (LNG) exports. According to DOE, the studies are intended to inform DOE’s decision-making process for LNG export permit applications to countries that do not have free trade agreements (FTAs) with the United States. The environmental impacts of LNG exports—which include greenhouse gas emissions (GHG)—are included in the criteria that DOE uses to make its public interest determinations on projects to export LNG to non-FTA countries. The studies are open for public comment for 45 days, closing on July 21, 2014.

If our political leaders don’t take action, demographic shifts will cause spending on entitlement programs to grow out of control

Earlier today, the non-partisan Congressional Budget Office released its 2014 Long-Term Budget Outlook, an annual report that projects government spending, tax revenue, deficits, and debt over the next 25 years. Like last year’s report, today’s report paints a sobering picture of our nation’s long-term fiscal health and reinforces the need for bipartisan action to reduce our long-term debt.

Pages

Subscribe to BPC Blog