May 12:
The Senate will convene at 2:00 p.m. and will be in a period of morning business with Senators
permitted to speak for up to 10 minutes each, with the time until 5:30 p.m. equally divided and controlled
between the two Leaders or their designees. There will be no roll call votes on Monday. Senators should be prepared to vote as early as 11:00 a.m. on Tuesday in relation to the following items: the
McConnell amendment No. 4720 (energy) with a 60-vote threshold; the Reid amendment (energy) with a
60-vote threshold; passage of the flood insurance legislation (either S. 2284 or H.R. 3121); and cloture on
the motion to proceed to H.R. 980 (collective bargaining). If cloture on the motion to proceed is invoked, all post-cloture time will be yielded back and the motion to proceed will be agreed to.
As a senior member of the Senate Banking Committee, I consider fiscal responsibility a critical foundation of our economy. I am committed to returning our nation to a balanced budget. We need to return to the days of a secured federal budget, which means not borrowing from Social Security and not creating huge new debts for future generations to pay off.
I have used my position on the Senate Banking Committee to restore the integrity of corporate America, including the mutual fund industry and other securities that enable millions of Americans to invest in their futures. In addition, I have fought to maintain consumer access to affordable credit, and for tough new measures to fight identity theft. I will continue to frame public policy that ensures every South Dakotan can invest in a safe and strong market.
In the 110th Congress, I have the privilege of serving as the chairman of the Financial Institutions subcommittee. In South Dakota, over 17 percent of Gross State Product and over 8 percent of non-farm private sector jobs are generated by the financial services industry. Clearly, a strong banking infrastructure is crucial to our state and to our local communities. The financial services institutions that serve our communities not only provide a secure place for residents to invest their savings, but our communities benefit tremendously as those deposits are reinvested into the local economy through loans to small businesses and entrepreneurs, financing home purchases and kids��� educations, and other important investments in our people and our way of life. I am proud to have worked with bankers and other financial service providers throughout our state, as well as the consumers they serve. I am pleased to be in a position to closely monitor this important industry and the regulations that govern it.
Furthermore, from my position on the Security and International Trade and Finance subcommittee, I am working to ensure that proper safeguards exist to stop international money-laundering and to freeze monies that are intended to fund terrorism.
Sen. Johnson: Consumer Protection| My Pamphlet entitled Financial Matters: A Discussion of Actions South Dakotans Can Take to Achieve their Financial Goals. | The South Dakota Coin |
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