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WASHINGTON — Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed to protecting U.S. bank deposits following the failure of Silicon Valley Bank and Signature Bank over the weekend. "Our banking system remains sound and Americans can feel confident that their deposits will be there when they need them," Yellen said. Yellen has been at the center of emergency federal efforts this past week to return deposits to account holders at two failed banks, the California-based Silicon Valley Bank and the crypto-heavy Signature Bank, based in New York. "This week's actions demonstrate our resolute commitment to ensure that depositors' savings remain safe," Yellen told the senators. "I'm concerned about the precedent of guaranteeing all deposits and the market expectation moving forward," said Sen. Mike Crapo, R-Idaho.

☆ 2 Senate Democrats join GOP in rejecting socially conscious investing rule, rushing it back to Biden for a promised veto
▼ + stars: | 2023-03-01 | by ( Warren Rojas | ) www.businessinsider.com time to read: +2 min

The US Senate voted down a Biden-backed socially conscious investing rule 50-46. Two Democratic senators up for reelection in 2024 joined Republicans in opposing ESG. Wednesday's defectors, both of whom are facing tough reelection bids this cycle in states Donald Trump won by double digits in 2020, include Democratic Sens. The absence of Democratic Sens. Dianne Feinstein of California, Jeff Merkley of Oregon, and John Fetterman of Pennsylvania left Senate Majority Leader Chuck Schumer three votes down before deliberations even started.

☆ Biden's new retirement law means you may not have to choose between paying off student debt and saving for the future
▼ + stars: | 2023-01-23 | by ( Jason Lalljee | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

One will allow employers to match workers' student loan payments in the form of retirement plan contributions. It's a boon for those who owe student debt, Tamara Telesko, Director of Wealth Planning at TIAA, told Insider. "Under our reforms, many more workers would access resources for retirement and see meaningful federal retirement contributions year after year." Telesko explained that this provision would be a way for people with student debt to build savings, which many can't. Shanna Bennett, a 37-year-old borrower who had more than $130,000 in student debt last year, currently works as a human resources manager.

☆ Republicans went after BlackRock and sustainable investing in 2022. Meet 12 officials crusading against 'woke capitalism.'
▼ + stars: | 2022-12-28 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +14 min

A group of vocal conservative officials are criticizing aspects of ESG investing. Players in the ESG ecosystem, like S&P Global and BlackRock, the world's largest money manager and an influential proponent of ESG investing, are often the subject of their critiques. Instead, officials often paint large financial firms' ESG strategies as functions of left-leaning agendas. Here are key GOP players who are taking aim at ESG investing. Abbott, who is seeking reelection in November, was early to denouncing ESG investing.

☆ Advocates Urge Congress to Pass Permanent Residency Status for Afghans
▼ + stars: | 2022-12-15 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +12 min

Drew Angerer/Getty ImagesConvincing Republican senatorsThe House version of the Afghan Adjustment Act has 143 co-sponsors, including 10 Republicans. Demonstrators gather to support Afghan evacuees outside the Capitol on Nov. 16, 2022. At the moment, one prospect to advance the Afghan Adjustment Act is by attaching it to that larger spending bill, advocates say. But negotiations on the omnibus are ongoing, and whether the Afghan Adjustment Act will be included is up in the air. Yet without a deal by then, passage of the Afghan Adjustment Act appears doomed, advocates say, keeping Afghan evacuees in perpetual legal limbo.

☆ Senator reveals detailed steps to secure his homes as threats against US lawmakers surge
▼ + stars: | 2022-12-05 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +5 min

Serving in Congress may require living in a fortress as threats of violence against members surge. A letter from Sen. Mike Crapo's lawyers reveals the US Capitol Police recommended multiple security upgrades for his homes. Threats are causing members to consider additional security for themselves and their families, the lawyers wrote. Crapo's lawyers wrote to the FEC because they want to know how to best pay for all of these updates on two homes. Crapo's lawyers wrote, however, that the threat environment since then "has actually worsened."

☆ Meet 12 Republican officials crusading against BlackRock and ESG investing
▼ + stars: | 2022-12-01 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +14 min

☆ Republican incumbent Sen. Mike Crapo faces off against Democrat David Roth in Idaho's US Senate election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Sen. Mike Crapo is running against Democrat David Roth to represent Idaho in the US Senate. Idaho's Senate race candidatesFirst elected in 1998, Crapo has served in Congress for nearly a quarter of a century. Prior to entering Congress, the native Idahoan served for nearly a decade in the Idaho State Senate and for three terms in the US House. Roth unsuccessfully ran for the Idaho State Legislature in 2020. Idaho's voting historyThe state voted for then-President Donald Trump over Joe Biden by a margin of about 30 percentage points in the 2020 election.

☆ Live Results: Idaho votes in congressional and state elections
▼ + stars: | 2022-11-08 | by ( Walt Hickey | ) www.businessinsider.com time to read: +1 min

Polls close in the state at 8 p.m. local time. Given the state has multiple timezones, the first polls close at 10 p.m. EST and the last polls close at 11 p.m. EST. It symobilizes the 2022 Election. Polls close in the state at 8 p.m. local time. Given the state has multiple timezones, the first polls close at 10 p.m. EST and the last polls close at 11 p.m. EST.

A Republican is going to win the Alaska Senate race, but that hasn’t stopped Mitch McConnell from plowing millions of dollars into the deep-red state. Herschel Walker, the Senate candidate in Georgia backed by both Trump and McConnell, also says he would back McConnell. Apart from Tshibaka, Senate Republican candidate Don Bolduc in New Hampshire has said he would vote against McConnell for leader. (The Republican senator who requested anonymity voiced surprise at McConnell’s prediction and thought it betrayed some nervousness on his part. Although he voted to acquit Trump, McConnell called him “practically and morally responsible” for the assault on the Capitol.

☆ Senate Republicans want the SEC to explain why staff are quitting
▼ + stars: | 2022-10-30 | by ( Nell Mackenzie | ) www.reuters.com time to read: +2 min

Oct 30 (Reuters) - Senate Republicans want the SEC to explain why staff are leaving the nation's corporate watchdog at the highest rate in 10 years amid a flurry of proposed rules, according to a letter seen by Reuters on Sunday. Republicans want Gensler to explain how he will address the concerns in the report and also to allow more time for industry feedback on the new rules. Employees interviewed for the internal watchdog report said they received little feedback on rules they had written, according to the report. The SEC is losing employees at its highest pace in 10 years, said the Inspector General's report. Senate Republicans Thom Tillis from North Carolina, Mike Crapo from Idaho, Tim Scott from South Carolina, Michael Rounds from South Dakota, Bill Hagerty from Tennessee and Steve Daines from Montana signed the letter.

☆ House Republicans want to cancel Biden's push to make it easier for the IRS to go after tax cheats and send out refunds more quickly
▼ + stars: | 2022-09-23 | by ( Joseph Zeballos-Roig | ) www.businessinsider.com time to read: +4 min

The IRS funding is meant to pursue tax cheats, shorten phone wait times, and issue refunds faster. House Republicans broke with Senate Minority Leader Mitch McConnell in rolling out their policy platform. McConnell has opted to keep the focus instead on Biden's handling of the economy without specifying what Senate Republicans intend to do if they recaptured the upper chamber. House Republicans' intention to repeal IRS funding echoes their earlier efforts to overturn the Affordable Care Act under President Barack Obama throughout the 2010s. A group of Senate Republicans led by Sen. Mike Crapo of Idaho sent a letter to the tax agency on Thursday urging them to prioritize improving taxpayer services.

☆ Republican senators vote to block a bill requiring dark-money groups to disclose their donors: 'I don't want to see them doxxed'
▼ + stars: | 2022-09-22 | by ( Bryan Metzger | Oma Seddiq | ) www.businessinsider.com time to read: +8 min

Democrats teed up a procedural vote Thursday on a bill to disclose dark-money groups' donors. Super PACs, on the other hand, are subject to federal campaign finance disclosure laws, but their funding often comes from dark money groups. "Unfortunately, the Republican party has become as dependent on dark money as a deep-sea diver is on his air hose," said Whitehouse. Win McNamee/Getty ImagesA bipartisan problemSince the Citizens United ruling 12 years ago, dark money spending has exploded in elections. Nonprofits have poured around $2 billion into elections, most of which can be linked to dark money groups, OpenSecrets found.

☆ Visa's PAC gave politicians $139,000 in March after vowing to pause contributions because of the Capitol insurrection
▼ + stars: | 2021-04-07 | by ( Kayla Epstein | Dave Levinthal | ) www.businessinsider.com time to read: +4 min

Visa's PAC has resumed political donations after announcing a pause following the January 6 Capitol attack. On March 24, Visa gave a total of $139,000 to candidate and political committees on both sides of the aisle. None of the lawmakers voted to object to the certification of the 2020 election results. Visa also filled coffers of the Democratic Congressional Campaign Committee and Democratic Senatorial Campaign Committee, giving each one $15,000. On January 12, less than a week after the attack, Visa's PAC "temporarily suspended all political donations as we review our candidate contribution guidelines," the company told the Washington Post.

☆ Sen. David Perdue is raising big campaign money with DC lobbyists. He also traded stock shares of several of the companies the lobbyists represent.
▼ + stars: | 2020-12-09 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +8 min

The senator this year has bought or sold these companies' stock shares, according to an Insider analysis of federal records. The senator's stock trades have become a highly politicized issue, with Ossoff and Democratic allies spending millions of dollars on ads highlighting the controversy. Perdue sold hundreds of thousands of dollars worth of these companies' stock shares during 2020, an Insider analysis of Senate stock trade disclosure records indicates. The Perdue campaign and the fundraiser coordinator, Alice Perry of The Elevated Group, did not return several requests for comment. The Ossoff campaign declined to comment.

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