Restoring the Middle Class PDF Print
Rebuilding the Economy

Spotlight on the Middle Class

Rep. Welch has worked to protect middle class consumers from abusive credit card company practices by sponsoring a Credit Cardholders’ Bill of Rights (H.R. 5244), which first passed the House in September 2009. Welch attempted to strengthen the legislation in April 2009 by proposing an 18 percent cap on credit card interest rates. The bill – which protects consumers from arbitrary rate increases, double-cycle billing and due-date gimmicks – was signed into law by President Obama in May 2009.

"Even before the current economic crisis, hardworking Vermonters were feeling the squeeze of low wages and ever-increasing costs. The United States has a long history of supporting the middle class, but we must recommit to ensuring that those who work hard to make a living have the resources they need to support their families, get ahead and save for a secure retirement. With every issue I face in Congress – from health care to education to energy – I am focused on increasing affordability and expanding the middle class."

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Rep. Welch's Recent Work on the Middle Class

Times Argus: 'A look at measure’s impact on Vermont'

May 20, 2013

Rep. Peter Welch, D-Vt., released a statement after the House Agriculture Committee passed the farm bill last week highlighting Vermont priorities included in the legislation.

The release stated the bill would mean the following for Vermont:

Stabilize milk prices for dairy farmers. The Dairy Security Act, sponsored by Welch in the last Congress, was included in the bill and an effort in co... Read More


Rutland Herald: 'Sorrell testifies about elder fraud'

May 18, 2013

Vermont Rep. Peter Welch and Attorney General William Sorrell are warning about scams to defraud the elderly.

They testified Thursday before a House subcommittee in Washington. The hearing was convened to review the federal government’s efforts to detect financial scams perpetrated on seniors and how to assess the effectiveness of those measures.

Sorrell pointed out two reports received ... Read More


House Committee Approves Farm Bill; Key Vermont Priorities Included

May 17, 2013

The House Agriculture Committee approved a Farm Bill this week on a bipartisan vote of 36-10.  The bill is expected to be debated by the full House of Representatives this summer.

Rep. Welch said, “This is a good bill for Vermont’s agriculture sector which is vital to the economic health of our state.   While good for our farmers, it will do serious harm in its current form to those who rely on feder... Read More


Associated Press: 'Vt.'s Welch, Sorrell, testify about elder fraud'

May 17, 2013

Vermont Rep. Peter Welch and Attorney General William Sorrell are warning about scams to defraud the elderly.

They testified Thursday before a House subcommittee in Washington. The hearing was convened to review the federal government’s efforts to detect financial scams perpetrated on seniors and how to assess the effectiveness of those measures.

Bennington Banner: 'Legislation would help to protect nation’s seniors from scams'

May 17, 2013

In a fitting measure for National Older Americans Month, Vermont Rep. Peter Welch, along with Florida Congressmen Ted Deutch and Vern Buchanan, on Wednesday introduced the Seniors Fraud Prevention Act of 2013

The proposed legislation is intended to empower the Federal Trade Commission to target con artists preying on seniors, according to a press release from Welch's office, and "would target fraudulent investmen... Read More


 

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