Business & Economy
Fighting Fraud, Protecting Taxpayers PDF Print E-mail
News Releases - Business & Economy
Written by Grassley Press   
Monday, 09 May 2011 13:11

Leahy, Grassley Roll Out New Anti-Fraud Legislation

 Fighting Fraud to Protect Taxpayers Act Will Improve Fraud Enforcement At No Added Cost To Taxpayers

WASHINGTON (Thursday, May 5, 2011) – Senate Judiciary Committee Chairman Patrick Leahy (D-Vt.) and Ranking Member Chuck Grassley (R-Iowa) introduced legislation Thursday to bolster law enforcement’s ability to investigate and prosecute fraud.  The Fighting Fraud to Protect Taxpayers Act builds on successful efforts by Leahy and Grassley in the last Congress to enact legislation to help the Department of Justice and other agencies fight fraud.

The Fighting Fraud to Protect Taxpayers Act will enhance existing efforts to investigate fraud, including the scourge of mortgage, foreclosure, financial and health care fraud that has victimized thousands of unsuspecting Americans.  The legislation will fill key statutory gaps to account for modern types of fraud, strengthening computer fraud and identity theft.  The bill also gives the Secret Service the needed authority to more effectively investigate fraud.  The Fighting Fraud to Protect Taxpayers Act also increases accountability by requiring the Justice Department to better manage and account for key spending.

“Combating fraud is a vital issue on which Senator Grassley and I have a long track record of working together, and with great success,” said Leahy.  “In these trying economic times, cracking down on the fraud which has harmed so many hardworking Americans is more important than ever.  Americans are worried about their budgets at home.  We need to protect their investment in their government.  Fighting fraud and protecting taxpayer dollars are issues Democrats and Republicans have worked together to address in the past, and in these difficult economic times, we need to continue in that spirit of bipartisanship.”

“Fighting fraud and protecting taxpayer dollars transcends politics and Senator Leahy and I have worked together on this matter for years. One of the most important parts of this new legislation is the transparency and accountability it brings to the Justice Department. Without transparency and accountability the fight to combat fraud often falls short.  To ensure that the funds and manpower are being used most effectively, and False Claims Act lawsuits aren’t being settled for pennies on the dollar, the transparency provisions included in this bill are an important way to hold the department accountable for its actions,” Grassley said.

The Fighting Fraud to Protect Taxpayers Act will direct a small portion of funds collected by the government in fines and penalties to investigating, prosecuting, and litigating fraud cases.  In the last fiscal year alone, the Department of Justice recovered well over $6 billion through fines and penalties.  The Leahy-Grassley legislation calls for approximately $15 million a year to be reinvested in anti-fraud efforts.  After the terrorist attacks of September 11, 2001, some law enforcement resources to investigate and prosecute fraud were redirected to anti-terrorism efforts.  The Fighting Fraud to Protect Taxpayers Act will help restore some of these resources.

In 2009, Leahy and Grassley authored the Fraud Enforcement and Recovery Act, which strengthened tools and increased resources available to federal prosecutors to find, prosecute and jail those who commit financial fraud.  The bill was among the first signed into law by President Obama in 2009.  Leahy and Grassley also worked on key anti-fraud provisions that were included in other reform legislation last year.

The Senate Judiciary Committee dedicated its first hearing of the 112th Congress to examining ways to improve fraud enforcement.

 

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Governor’s Office Statement on Springfield Chamber of Commerce Debt Restructuring Plan PDF Print E-mail
News Releases - Business & Economy
Written by Andrew Mason   
Tuesday, 03 May 2011 13:04

SPRINGFIELD – May 3, 2011. The Office of Governor Pat Quinn today released a statement regarding the Greater Springfield Chamber of Commerce’s bonding plan.

“The Quinn Administration applauds the Greater Springfield Chamber of Commerce for its support of a plan to immediately pay past due bills by restructuring these debts at attractive interest rates. Today, the Chamber proposed a four-year, $6.1 billion bonding plan to pay off state debts.

“The Springfield Chamber - an established and experienced organization - whose goal is to stimulate the economy, agrees with the Quinn Administration that debt restructuring makes good business sense and is paramount to stabilizing the budget. We encourage those who have provided services to the state to come forward and urge legislators to support debt restructuring, a sound and reasonable step needed to return the state to solid financial footing.”

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NAM and Vermeer Corporation Honor Senator Chuck Grassley for Supporting a Pro-Manufacturing Agenda PDF Print E-mail
News Releases - Business & Economy
Written by Grassley Press   
Friday, 29 April 2011 14:47

Senator Grassley’s Votes in 111th Congress Show His Support for Economic Growth and Job Creation

WASHINGTON, D.C., April 27, 2011 – U.S. Senator Chuck Grassley (R-IA) received the National Association of Manufacturers (NAM) Award for Manufacturing Legislative Excellence today in recognition of his consistent support of manufacturers and their employees across the United States. The Award was presented at an event sponsored by NAM member Vermeer Corporation at its facility in Pella, Iowa.

Members of Congress who maintained a voting record of 70 percent or higher during the 111th Congress (2009-2010) received the Award. Senator Grassley received a 77-percent key vote rating.

“On behalf of Vermeer Corporation and our employees, I thank Senator Grassley for championing the causes that will help manufacturers thrive in Iowa and across the United States,” said Vermeer President and CEO Mary Andringa. “We’re fortunate to have Senator Grassley supporting the efforts of Iowa manufacturers, advocating policies that will enable us to grow, create jobs, expand internationally and stay ahead of our global competition.”

“Senator Grassley supports common-sense policies that will enable manufacturers to create and maintain good high-paying jobs in Iowa and throughout America,” said NAM President and CEO Jay Timmons.  “A vibrant manufacturing base is vital to getting our economy turned around and ensuring quality of life for all Americans. It is critical to have lawmakers like Senator Grassley whose actions consistently match their words when it comes to a pro-manufacturing agenda for economic growth and job creation.”

Each key vote was selected by an NAM member-led advisory committee comprised of executives from small, mid-sized and large manufacturing companies. Members of Congress are notified in advance when key votes are pending and why the key vote designation has been made.

Key manufacturing votes for the 111th Congress included energy policy, taxes, regulations and labor law reform, among others. These policies are important components of the NAM’s “Manufacturing Strategy for Jobs and a Competitive America,” a comprehensive plan for supporting jobs and the U.S. economy. You can view the Strategy at www.nam.org.

“The Award is a non-partisan indicator to help manufacturers and their employees sort out the true allies of manufacturing based on their votes on key issues that affect the manufacturing economy, jobs and U.S. competitiveness,” Timmons noted.

Voting records for all members of Congress are available at www.nam.org/votingrecord along with further details about NAM Key Manufacturing Votes.

The National Association of Manufacturers is the largest manufacturing association in the United States, representing manufacturers in every industrial sector and in all 50 states.  Manufacturing has a presence in every single congressional district providing good, high-paying jobs.  For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.

-NAM-

 
AUGUSTANA GRADS TEAM UP TO BRING NEW PREMIUM MICRO-ROAST COFFEE TO THE QUAD CITIES PDF Print E-mail
News Releases - Business & Economy
Written by Darlene Murphy   
Friday, 29 April 2011 14:45

Tom Weigand and Annette Zapolis Introduce True Coffee at Cool Beanz 

Rock Island, Ill. (April, 27 2011) – Rock Island native, Augustana College graduate (1985) and Trustee Tom Weigand has again brought one of his entrepreneurial ventures to the Quad Cities.  Three years ago the Noodles & Company co-founder opened a restaurant in Davenport, Iowa and this time Weigand is working with fellow Augustana graduate Annette Zapolis (2009), owner and manager of Rock Island’s Cool Beanz, to sell True Coffee, from his premium artisan coffee company launched in Madison, Wis. in 2010.  Weigand and four partners founded True Coffee Roasters with a commitment to roasting coffees from the great coffee-producing regions of the world using a small-batch roasting process that ensures premium flavor.  According to Weigand “Once we got up and running, I wanted to make our coffees available in the Quad Cities and preferably near Augustana because of all the requests from family and friends!”  He continued, “I learned about Annette’s wonderful coffeehouse near Augustana and it was the perfect fit.”

As a student at Augustana, Zapolis also began to study coffee, espresso, restaurant management and the needs of the community.   After finding the right location, applying a year of research and fixing up a 100-year-old building, Zapolis opened Cool Beanz in August 2009.  The goal of Cool Beanz coffeehouse is to provide a comfortable environment for the Quad Cities community, as well as a place for Augustana and Blackhawk College students to study, relax, interact and enjoy high quality products in a warm atmosphere.  On any day, guests include families spending time together by the three sided fireplace, students diligently working in books and laptops and couples and friends enjoying gourmet sandwiches, salads and beverages. On weekends, local talent graces the Cool Beanz stage for toe-tapping entertainment. Entertainment schedule, events and more can be found at www.coolbeanzcoffeehouse.com.

In addition to small batch roasting, True Coffee practices many sustainable initiatives such as purchasing predominantly Fair Trade and Organic coffees.  According to Weigand, “These coffees come at a higher cost, but we know we are making a difference in coffee-producing communities throughout the world and in return our customers get a really well-grown coffee.”  To take sustainability one step further, True Coffee has launched a unique Can Refill program for customers who purchase coffee beans to use at home or office.  Rather than selling the coffees solely using the industry-standard disposable bag, which is likely to end up in a landfill, True Coffee offers a 12-ounce, refillable can made from tin, which is the most recycled material in U.S.  When guests return to refill their can, they receive 20% discount on their coffee purchase, each and every refill.  “We wanted a program that allowed customers the ability to purchase the freshest coffee, promote sustainability by using a refillable can and reward them with a 20% discount for doing so,” said Weigand.  The program is rapidly expanding in coffee shops where True Coffee is sold throughout the Midwest, and the same program is now available at Cool Beanz.  Find out more about True Coffee Roasters at www.truecoffeeroasters.com or follow us on Facebook or Twitter.

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Treasury secretary on Small Business Lending Fund PDF Print E-mail
News Releases - Business & Economy
Written by Grassley Press   
Monday, 25 April 2011 07:29
Thursday, April 21, 2011 

Sen. Chuck Grassley of Iowa is concerned that banks will use taxpayer money from the Small Business Lending Fund to repay their loans under the Troubled Asset Relief Program, or TARP.  Last month, he sent a letter to Treasury Secretary Timothy Geithner, asking for detailed information on the department’s oversight plan for the Small Business Lending Fund and information on TARP recipients that have applied for Small Business Lending Fund money.   Last year, Grassley exposed the misleading nature of a General Motors and Treasury Department public relations effort over how General Motors had repaid its government loan.  Today, Grassley released the Treasury secretary’s response to his inquiry on the Small Business Lending Fund and made the following comment on the response.

“This response confirms what I was afraid of.  It’s okay with Treasury if banks use their small business lending funds to repay TARP because supposedly TARP already has made a profit.  That’s not how the small business program was sold to the public.  This was supposed to get small businesses back on their feet and create jobs.  It sure seems like small businesses are getting left out again.  So far, this fund might only have created jobs for the banks shuffling public money around.  Well, we’ve been there, done that, and that approach has been rejected by the grass roots.

“Beyond that, it’s disappointing that Treasury won’t disclose the names of banks applying for these loans.  These banks are applying for tax dollars.  There’s no reason why their names should be kept secret from the public.  And the Treasury Department doesn’t name a single step to prevent waste, fraud and abuse in this $30 billion program.  From this response, it seems the Treasury Department is content to give the money out and let the inspector general and GAO try to police any abuse on the back end.  As we’ve learned with TARP and the stimulus program, especially in the weatherization program, it’s nearly impossible to recoup wasted money after the fact.”

 
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