Government Matters: Week in review, June 26-30

By Victoria Mullen, WKTV

Huizenga-led Subcommittee Examines State of U.S. Equity Markets

The Capital Markets, Securities and Investment Subcommittee held a hearing to examine the current state of the U.S. equity markets—specifically what is working well in today’s markets, as well as areas that need improvement or are impacting the optimal functioning of the markets. Watch Rep. Bill Huizenga’s remarks, below.

Key Takeaways from the Hearing:

  • Despite significant technological advancements and constantly evolving industry practices in today’s market, the statutory framework that governs equity market structure remains largely unchanged
  • In order to determine what is the appropriate statutory framework to represent today’s markets and – more importantly – to build in sufficient flexibility that will allow our markets to continue to evolve and allow innovation, we must first analyze how the equity markets have evolved, what is working, and what needs to be improved.

Huizenga Supports Kate’s Law, Votes to Hold Sanctuary Cities Accountable

Congressman Bill Huizenga released the following statement after voting in favor of Kate’s Law and the No Sanctuary for Criminals Act, legislation that will strengthen immigration enforcement, protect Americans, and hold sanctuary cities accountable.

“The safety of our citizens should be a priority that is shared by government at the local, state, and federal level. If a state or municipality chooses to ignore federal law and harbor dangerous criminals, they should be ineligible to received federal grants funded by hardworking taxpayers.”

The No Sanctuary for Criminals Act prohibits state and local government entities from mandating noncompliance with properly issued immigration detainers and includes the detainer mandates of Grant’s Law and Sarah’s Law.

Senators Peters and Stabenow introduce legislation, make statements on Silver Carp discovery near Lake Michigan

By Zade Alsawah, Allison Green and Miranda Margowsky

U.S. Senators Gary Peters and Debbie Stabenow (MI) helped introduce the Stop Asian Carp Now Act this week. The Act will require the Trump Administration to release the Brandon Road Study within seven days of the bill’s enactment. The Brandon Road control point was identified in the GLMRIS (Great Lakes and Mississippi River Interbasin Study) analyses as the only single location that can address upstream transfer of Mississippi River species through all CAWS pathways. The study has already been delayed by the Trump Administration from its expected release in February of this year.

The Senators also released the following statements regarding an announcement from the Asian Carp Regional Coordinating Committee that a silver carp has been discovered in Illinois, within nine miles from Lake Michigan and beyond an electric barrier designed to prevent invasive species from entering the Great Lakes basin. This is the first live Silver Carp discovered above the electric barrier in the Illinois River

Said Peters, “We know how serious of a threat invasive species like Asian carp are to the Great Lakes ecosystem and economy. This discovery reaffirms that we must do everything we can to prevent Asian carp from reaching the Great Lakes basin — starting with the swift release of the Brandon Road Study to evaluate the next steps needed to protect our waterways from this harmful invasive species.”

Senator Stabenow said, “Today’s news is a wakeup call. It is deeply alarming that a live Silver carp was found only nine miles from Lake Michigan — the fact remains that we need a permanent solution at Brandon Road. We need to know how the Silver carp came so close to Lake Michigan and whether there are any additional carp in the area.”

The eight-pound Silver carp was found by a commercial fishing vessel whose activities to combat Asian carp are funded by the Great Lakes Restoration Initiative (GLRI). GLRI funding is also providing resources for emergency monitoring and response actions that will be taken over the next two weeks by the Fish and Wildlife Service, Army Corps of Engineers, and the State of Illinois to detect and stop any additional Silver carp in these waters near Lake Michigan.