Congress News

U.S. ‘Fiscal Cliff,’ Europe’s Debt Woes Worry G20

Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth. Unless a fractious Congress …

New National Parks’ Insurance Requirements Ignite Controversy

A National Parks Service (NPS) decision to hike their required insurance liability limits by 1,000 percent has some outfitters and guides, as well as their insurance providers, navigating the halls of Congress. The battle began because of an NPS increase …

U.S. Exports Seen at Risk as Russia Enters WTO

U.S. agricultural, aircraft and other exports to Russia could suffer unless Congress passes legislation soon recognizing the former Cold War enemy is now a fellow member of the World Trade Organization, trade experts and business groups said. After 18 years …

Time Running Out for Russia Trade Bill Says Congressman

Time is running out for Congress to approve a Russia trade bill before Moscow formally enters the World Trade Organization in August, potentially putting U.S. exporters at a huge disadvantage, a senior Republican lawmaker said. Representative Kevin Brady said House …

US Congressional Negotiators Reach Deal on New Iran Sanctions

U.S. lawmakers moved a step closer to finalizing new sanctions aimed at further restricting Iran’s oil revenues after negotiators from the Senate and House of Representatives agreed on a compromise bill on Monday. The bill includes several new provisions seeking …

House Lawmakers Reach Deal on Russia Trade Pact, Rights Bill

The top Republican and Democrat on the House of Representatives Ways and Means Committee said on Thursday they had reached a deal to move forward on Russian trade legislation, including human rights provisions opposed by Moscow. “I am pleased that …

AIA Calls for More International Market Access for U.S. Insurers

The American Insurance Association has issued a statement, which points out several instances of a “disconnect between the continued significant global insurance capacity and a strong demand for insurance products that is often created by protectionist barriers in emerging markets.” …

Insurance Groups React to Rep. Barney Frank’s Retirement Announcement

A number of insurance associations have issued statements recognizing the positive work the retiring U.S. Rep. Barney Frank (D-Mass.) has accomplished for the industry. Frank, 71, announced this week that he will not seek re-election in 2012, citing as a …

Report Links Wildfires to Immigrants in Arizona

A study by Congress’ investigative arm shows investigators have linked 30 fires that erupted in a five-year period in Arizona’s border region to people who crossed into the United States illegally – a finding Sen. John McCain said backs up earlier …

US Congress OK’s Korea, Panama, Colombia Trade Pacts

Congress Wednesday approved long-delayed trade pacts with South Korea, Colombia and Panama that are expected to lift exports by about $13 billion a year and give U.S. employment a boost. Republicans and Democrats joined together in the House of Representatives …