BPC Blog

Aug. 1, 2014

The Bipartisan Policy Center applauds Senator Bernie Sanders (I-VT) and Representative Jeff Miller (R-FL) for working out a much-needed compromise on Veterans Affairs reform. Senator Sanders and Representative Miller, the Chairmen of the Senate and House Committees on Veterans’ Affairs, respectively, hammered out a weekend negotiation that many members of both parties can agree on. 

BPC Holds Panel on Retirement Security and Personal Savings

Five of the foremost experts on different phases of the American retirement system met at the Bipartisan Policy Center (BPC) on July 30 in an attempt to outline the real state of workers’ preparedness for retirement. While the main theme of the panel was “heterogeneity,” meaning that every individual faces a different retirement challenge, they all agreed that “it’s a crisis for you if you’re not prepared.”

Releases handout on 2014 Farm Bill programs that support healthy farms and healthy people

The worlds of farm policy and food policy often operate in silos, though there is more alignment between their goals than is regularly recognized, and efforts to promote this alignment are increasing.

The Federal Reserve Board supervises over a quarter of the insurance industry

It is rumored that the Financial Stability Oversight Council (FSOC) will this week designate MetLife Inc., one of the country’s largest life insurers, as a “systemically important financial institution” (SIFI), making it the fourth non-bank financial company and third insurance company to be designated as a SIFI. Under the Dodd-Frank Act, designated institutions are subject to regulation and supervision by the Federal Reserve Board.

Yesterday, the House of Representatives passed the first-ever authorization bill for U.S. Customs and Border Protection (CBP) within the Department of Homeland Security (DHS). H.R. 3846, introduced by both the Chair Candice Miller (R-MI) and Ranking Member Sheila Jackson-Lee (D-TX) of the House Homeland Security Subcommittee on Border and Maritime Security, is a positive bipartisan accomplishment.

From 2001 to 2011, the median mortgage balance of homeowners aged 65 and older increased 82 percent

The graying of America will force our nation’s leaders to rethink policies in fields ranging from health care to public safety to transportation. For housing policymakers, a major challenge will be responding to the needs of the overwhelming majority of seniors who will seek to age in place in their own homes and communities. 

Last week, on the 10th anniversary of the release of The 9/11 Commission Report, the 9/11 Commissioners reconvened to issue a new report with five recommendations to improve the nation’s security. One recommendation calls on Congress to pass legislation to better protect Americans from intensifying attacks on the nation’s information systems and to enable collaboration between the public and private sectors.

The combined OASDI Trust Fund is still slated for exhaustion in 2033

This morning, the trustees of Social Security released their annual report, which includes an assessment of the program’s financial health. The Social Security actuaries estimate that under current law, the Old-Age and Survivor’s Insurance (OASI) Trust Fund will be depleted in 2034 (one year earlier than projected last year), while the Disability Insurance (DI) Trust Fund will be depleted in late 2016, unchanged from last year.

Social Security trustees report

The bipartisan bill would expand the scope and frequency of required counseling provided to student borrowers

Last week, the House of Representatives passed H.R. 4984, the Empowering Students Through Enhanced Financial Counseling Act, with broad bipartisan support (on a 405-11 vote). The bill would expand the frequency and scope of required financial counseling provided to student borrowers. BPC applauds this development.

This week we have a few thoughts from Kris Siglin at the Housing Partnership Network who will pack a punch on an all-star panel of housing practitioners as they discuss the way housing shapes and forms communities on the afternoon of Tuesday, September 16. Kris also reflects on her time working on the housing commission that preceded the BPC effort – The Millennial Housing Commission – as well as her time on the Hill with one of our co-chairs, Senator Kit Bond.

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”

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