July 23, 2009 Press Release
Measure would cut prescription drug costs by harnessing purchasing power of federal governmentRep. Peter Welch on Thursday offered an amendment requiring the Secretary of Health and Human Services (HHS) to negotiate prescription drug prices directly with pharmaceutical companies for seniors in Medicare Part D.The amendment to comprehensive health reform legislation before the Energy and Commerce Committee - America's Affordable Health Choices Act (H.R. 3200) - would allow the Secretary to leverage the government's purchasing power and drastically reduce the price of vital prescription drugs.
July 22, 2009 Press Release
The House today passed legislation sponsored by Rep. Peter Welch mandating responsible spending. The vote was 265 to 166.The Statutory Pay-As-You-Go Act of 2009 (H.R. 2920) puts the force of law behind current House rules requiring lawmakers to pay for new programs, either by cutting spending or increasing revenue. During the 1990s when similar rules were enacted, PAYGO helped turn massive deficits into record surpluses.
July 20, 2009 Press Release
NBRC will support economic development in northern Vermont, New Hampshire, Maine and New YorkThe House approved $3 million of funding for the Northern Border Regional Commission (NBRC) Friday, after Rep. Peter Welch successfully amended the Energy and Water appropriations bill (H.R. 3183) to appropriate the first-ever round of funding for the organization.
July 17, 2009 Press Release
Forces General Motors and Chrysler to abide by franchise agreementsRep. Peter Welch supported and the House passed legislation Thursday night preventing General Motors and Chrysler from arbitrarily closing car dealerships as part of their restructuring efforts.Welch cosponsored the Automobile Dealer Economic Rights Restoration Act (H.R. 2743), which forces car manufacturers to abide by their contracts with local dealer franchises in order to complete the bankruptcy process. GM and Chrysler have sought to close 3,000 dealerships nationwide - including roughly three dozen in Vermont. Dealerships account for 7.5 percent of all retail jobs in Vermont.
July 16, 2009 Press Release
Rep. Peter Welch on Thursday questioned former Treasury Secretary Henry Paulson about Bank of America’s refusal to pay billions of dollars in fees that were part of an announced package of taxpayer assistance to the bank.
Relates plight of Vermont farmers, warns committee that industry is "on the brink of collapse"Testifying before a House Agriculture subcommittee Tuesday morning, Rep. Peter Welch sounded the alarm that Vermont's dairy industry "is on the brink of collapse." Welch called on the subcommittee to take immediate action to save Vermont's family farms while working on a long-term solution to the persistent problem of severe price volatility.
July 13, 2009 Press Release
Legislation would bolster successful SBA loan programRep. Peter Welch unveiled legislation Monday morning aimed at freeing up credit to small businesses by expanding a successful Small Business Administration loan program.At Burlington's Chittenden Bank, Welch and members of Vermont's business and banking communities outlined details of Welch's bill, which is intended to bolster the popular SBA Express Loan Program. By increasing the SBA Express program's current cap of $350,000 to $2 million, the legislation would significantly increase access to credit for Vermont's small businesses. Welch will introduce his bill in the House this week.
July 9, 2009 Press Release
As Vermont dairy farmers struggle to survive, Welch seeks to increase and index to inflation MILC paymentsRep. Peter Welch on Thursday introduced legislation that would index to inflation Milk Income Loss Contract (MILC) Program payments to dairy farmers.The Dairy Fairness Act of 2009, which is co-sponsored by eight Members of Congress, would amend the Farm Bill to tie MILC payments to the Consumer Price Index, thereby increasing payments to farmers each year. Sen. Kirsten Gillibrand (N.Y.) is introducing companion legislation in the Senate.
July 8, 2009 Press Release
Welch opposes efforts to divert small business grants to industryRep. Peter Welch on Wednesday voted against a bill that would harm Vermont's small businesses by diverting key federal funding to larger, venture capital-backed firms.The Enhancing Small Business Innovation and Research Act of 2009 (H.R. 2965), which passed Wednesday afternoon on a vote of 386 to 41, reauthorizes the Small Business Innovation Research (SBIR) program. The bill rewrites the definition of small businesses to allow large corporations to compete for this vital seed money, effectively crowding out true small businesses.
July 7, 2009 Press Release
Funds to be used to combat increased drug activity in the areaRep. Peter Welch announced $100,000 in federal funding for the St. Albans Police Department at a press conference Tuesday morning in Houghton Park.The Welch-secured Community Oriented Police (COPS) grant will be used to fight increased drug activity in the region. The funds will help the St. Albans Police Department upgrade and improve communications equipment and make use of Mobile Data Computer Terminals.