Curbing the Revolving Door
In the nation’s capital, those seeking to enforce the law often switch sides to work for those accused of breaking the law. The private sector often pays much better than the government, and skilled employees are in demand at certain firms. The switch happens frequently between the federal Securities and Exchange Commission and the securities industry, which the commission regulates. A new report shows the commission’s revolving door is moving faster than ever. The report documents how and why the revolving door can...
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Closing Long-abused Loopholes of the Farm Program
A strong safety net is critical to a safe and affordable food supply. And, ensuring that farm program payments are going to those who need it most is a crucial component to keeping that safety net in place. Unfortunately, small- and medium-sized farmers get too little of the very program that was created to help them. In an effort to get a better balance in the farm program, I’ve introduced The Farm Program Integrity Act of 2013. The legislation would establish a per farm cap of $50,000 on all commodity program benefits, except those associated with the marketing loan program (loan deficiency payments and marketing loan gains), which would be capped at $75,000. Thus the combined limit would be $125,000, or, for married couples, $250,000. The $50,000 cap would apply to whatever type of program is...
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