Tim Ryan on The Economy

Last Updated : Oct 09, 2010

Campaign Website Statements

Economic Development

Since Congressman Tim Ryan was sworn in as a member of Congress in January of 2003, he has remained focused on the economic growth and development of Ohio's 17th congressional district. His vision for the valley includes revitalizing manufacturing (green technology), developing alternative energy resources, creating a regional tech belt which stretches from Cleveland to Pittsburgh, expanding technology development at our local universities and supporting the Youngstown Business Incubator, home to one of the fastest growing tech companies in America in 2007.

 

Congressman Ryan has secured millions of dollars in federal earmarks and grants in order to support this vision and continues to work diligently with local officials, community leaders and area residents to realize this vision. This holistic and revolutionary approach to revitalization has helped ignite a passion in the valleys residents who ared determined to redefine the valley as a tech center. This passion has put Youngstown, the 2nd largest city in the District, on the cover of the August, 2009 edition of Entrepreneur magazine. The magazine selected Youngstown as one of "The Ten Best Cities to Start a Business."

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. Tim Ryan voted in favor of the Small Business Jobs Tax Relief Act of 2010

Tim Ryan 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 . Tim Ryan voted in favor of the Wall Street Reform and Consumer Protection Act of 2009.

Tim Ryan voted in favor of 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. Tim Ryan voted in favor of the legislation to tax bonuses to TARP recepients.

Tim Ryan 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. Tim Ryan voted in favor of passing the Small Business and Infrastructure Jobs Tax Act of 2010.

Tim Ryan 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. Tim Ryan voted in favor of the Wall Street Reform Legislation.

Tim Ryan 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. Tim Ryan voted in favor of the unified version of the Stimulus bill.

Tim Ryan 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. Tim Ryan voted in favor of the Stimulus when it passed the House.

Tim Ryan 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. Tim Ryan voted in favor of the Helping Families Save Their Homes Act of 2009.

Tim Ryan 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. Tim Ryan voted in favor of the Auto Industry Financing and Restructuring Act.

Tim Ryan 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 Tim Ryan voted in favor of the TARP program.

Tim Ryan voted in favor of 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. Tim Ryan voted in favor of the Bush Stimulus.

Tim Ryan 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. Tim Ryan voted against the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

Tim Ryan voted against the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

American Jobs Creation Act

The American Jobs Creation Act was a Republican plan that was signed into law in the summer of 2004. The legislation ending some taxes in the agriculture industry, reduced corporate tax rates from 35% to 32%, reduced taxation on overseas income, and provisions to help companies invest in equipment. It passed the House 251-178. Tim Ryan voted against the American Jobs Act.

Tim Ryan voted against the American Jobs Act.

 

Sponsored and Cosponsored Legislation

This representative has not been identified as sponsoring or cosponsoring significant legislation related to this title.

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