John Barrow on The Economy

Last Updated : Oct 05, 2010

Official Website Statements

THE ECONOMIC RECOVERY

On February 13, the House and the Senate passed the American Recovery and Reinvestment Act, which was signed into law by President Obama on February 17th. The bill is estimated to create or save 3.5 million jobs throughout the country, including 106,000 jobs in Georgia and 7,700 jobs in the 12th District.

 

STIMULUS GUIDEBOOK - updated February 23, 2010

Steadily, Georgia - like the rest of the country - is starting to bear the fruits of Recovery investments. Stimulus dollars are being put to work, and little by little we're working our way toward recovery. Still, there is more work to be done, and there are many funding opportunities still available in this stimulus. Right now, getting the best information, and reaching out to the right agencies and individuals is crucial in obtaining stimulus support. Because the unprecedented size and reach of the bill is so large, navigating the intricacies of this program can be tough. To assist, Congressman Barrow created these recovery companion guidebooks.

 

Voting Record

Small Business Jobs Tax Relief Act of 2010

In June of 2010 the House voted to pass the Small Business Jobs Tax Relief Act of 2010. The act passed 247-170. John Barrow voted in favor of the Small Business Jobs Tax Relief Act of 2010

John Barrow voted in favor of the Small Business Jobs Tax Relief Act of 2010

Wall Street Reform and Consumer Protection Act of 2009

In June of 2010, the House voted on the Wall Street Reform and Consumer Protection Act of 2009. The act failed to pass in a . John Barrow voted against the Wall Street Reform and Consumer Protection Act of 2009.

John Barrow voted against the Wall Street Reform and Consumer Protection Act of 2009.

TARP Bonuses

In March of 2010, the House voted on legislation to impose an additional tax on bonuses received from certain TARP recipients, and for other purposes. The legislation passed the House 276-145. John Barrow voted in favor of the legislation to tax bonuses to TARP recepients.

John Barrow voted in favor of the legislation to tax bonuses to TARP recepients.

Small Business and Infrastructure Jobs Tax Act of 2010

In March of 2010 the House voted to pass the Small Business and Infrastructure Jobs Tax Act of 2010 246-178. John Barrow voted in favor of passing the Small Business and Infrastructure Jobs Tax Act of 2010.

John Barrow voted in favor of passing the Small Business and Infrastructure Jobs Tax Act of 2010.

Wall Street Reform

In late 2009, the House passed the Wall Street Reform and Consumer Protection Act of 2009. The legislation consolidated many financial regulatory agencies, increased transparency in the derivatives market, regulation of credit rating agencies, and a "resolution regime" to resolve insolvent banks. John Barrow voted in favor of the Wall Street Reform Legislation.

John Barrow voted in favor of the Wall Street Reform Legislation.

The Stimulus

After the Senate passed the Stimulus package, the House voted on a passage of a conference bill to join the House and Senate versions. John Barrow voted in favor of the unified version of the Stimulus bill.

John Barrow voted in favor of the unified version of the Stimulus bill.

The Stimulus

The Stimulus bill (The American Recovery and Reinvestment Act of 2009) passed through the House on January 28, just days after President Obama\'s inauguration. The bill got no support from Republicans and 11 Democrats voted against it as well. John Barrow voted in favor of the Stimulus when it passed the House.

John Barrow voted in favor of the Stimulus when it passed the House.

Helping Families Save Their Homes Act of 2009

The Helping Families Save Their Homes Act of 2009 was a program designed to assist those who may be able to remain in their home with a modest amount of government assistance. The bill got wide bi-partisan support in the House and passed 367-54. John Barrow voted in favor of the Helping Families Save Their Homes Act of 2009.

John Barrow voted in favor of the Helping Families Save Their Homes Act of 2009.

Auto Industry Financing and Restructuring Act

In December of 2008 the US House voted to pass the Auto Industry Financing and Restructuring Act. The act provided a loan to GM through TARP funds and set up a plan to allow the company to receive more if they demonstrated a path back to viability. The act failed to pass the Senate, but was used as a guideline for the GM bailout for the Obama administration. John Barrow voted in favor of the Auto Industry Financing and Restructuring Act.

John Barrow voted in favor of the Auto Industry Financing and Restructuring Act.

Troubled Asset Relief Program (TARP)

The TARP program was designed to prevent the failure of large banks by purchasing their "troubled assets" and allowing them to move them off their records as liabilities. The vote on the legislation passed 263-171 John Barrow voted against the TARP Program.

John Barrow voted against the TARP Program.

The Bush Stimulus

In early 2008, the Recovery Rebates and Economic Stimulus for the American People Act of 2008 was passed in an attempt to stimulate the economy. Also known as the Bush Stimulus, the act consisted largely of checks sent to individuals. The bill received wide bipartisan support and passed the House 385-35. John Barrow voted in favor of the Bush Stimulus.

John Barrow voted in favor of the Bush Stimulus.

Bankruptcy Reform

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 completely redefined bankruptcy in the United States. The bill made it much more for people to walk away from unsecured debt, such as credit cards, and permitted the court to award some compensation to creditors in the event that a bankruptcy was awarded. The bill got moderate bipartisan support and passed 302-126. John Barrow voted against the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

John Barrow voted against the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-H R 4302; Small Business Job Creation and Access to Capital Act of 2009 - Cosponsor

Amends the Small Business Act to increase maximum amounts of loans under the following Small Business Administration (SBA) loan programs: (1) the section 7(a) (general small business loans) guaranteed loan program; (2) the section 504 (state and local development company) program; and (3) the Microloan (small-scale loans to start-up, newly-established, and growing small businesses) program.

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