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Come and Read It Report

Jul 16, 2018
Newsletter

Dear Texans,  

As I have always said, Texas is the greatest state in the greatest nation, and I am proud to represent its people in Washington. It’s no secret that our economy is the fastest growing in the nation and that Americans from all over are flocking to the Lone Star State for better opportunities. In fact, just last week, Texas was named the #1 state to do business. This statistic is no accident - it is because of hardworking Texans like you that we are able to maintain this level of job growth and creation. I am so lucky to call Texas home, and I will continue fight for the men and women who do too.

Supreme Court Update 

I am very pleased with President Trump's decision to nominate Judge Brett Kavanaugh to the Supreme Court of the United States. He has a strong record of protecting the rule-of-law and upholding the Constitution. I encourage the Senate to proceed quickly to confirm Justice Kavanaugh. You can read more about it here.

Army Futures Command Site 

Last month, I sent a letter to U.S. Army Secretary Mark Esper in support of the Austin Mega Region as the future basing location for the next Army Futures Command. I am very happy to report that last week, the Army announced that Austin, Texas was selected. 

This is great news for the State of Texas and the United States. Austin is the fastest growing city in the nation, and I cannot think of a location more fit to serve as the modernization and innovation hub for the United States Army. One of the primary goals of the Army Futures Command site is to provide soldiers with the weapons they need to fight and win. As a resident and representative of Austin, I welcome the Army Futures Command, and I look forward to working with them to ensure the Army remains the best trained and equipped fighting force in the world. You can read my full statement here.

Legislative Update 

Last week: in addition to voting on 14 pieces of legislation, I participated in a Financial Services Committee markup where we advanced eight bills to the House floor: 

  • H.R. 3555, the "Exchange Regulatory Improvement Act"
  • H.R. 6177, the "Developing and Empowering our Aspiring Leaders Act"
  • H.R. 6319, the "Expanding Investment in Small Business Act"
  • H.R. 6322, the "Enhancing Multi-Class Stock Disclosures Act"
  • H.R. 6324, the "Middle-Market IPO Underwriting Fee Act"
  • H.R. 6320, the "Promoting Transparent Standards for Corporate Insiders Act"
  • H.R. 6321, the "Investment Adviser Regulatory Flexibility Improvement Act" 
  • H.R. 6323, the "National Senior Investor Initiative Act of 2018"

We also held a full committee hearing where US Treasury Secretary Steve Mnuchin testified on the state of the international financial system. If you missed it, you can watch it here. The Subcommittee on Terrorism and Illicit Finance also held a hearing about countering the financial networks of weapons proliferation. You can watch it here.

This week: tomorrow, July 17, at 1:00pm CT, the Subcommitee on Terrorism and Illicit Finance will hold a hearing to examine capital regimes for financial institutions. On Wednesday, July 18, at 9:00am CT, the full committee will receive testimony from Chairman Jay Powell of the Federal Reserve regarding monetary policy and the state of the economy. Lastly, our third and final hearing of the week will be for the Subcommittee on Monetary Policy and Trade, that I am vice chair off. It will be held on Wednesday, July 18, at 1:00pm CT, regarding the digital currency and how it affects the future of money.

It is an honor and privilege to represent the people of Texas’ 25th Congressional District and as always, please reach out to me with any issues and concerns that are important to you.

In God we trust,

Roger Williams

Member of Congress