Levin Supports Increased Transparency for Corporate Filings

Jul 19, 2017

Rep. Levin joined with colleagues in sending a letter to the Financial Accounting Standards Board, an independent entity that sets financial accounting and Securities and Exchange Commission reporting standards for public and private companies and not-for-profit organizations, in support of requiring multinational companies to disclose information related to income, assets, number of employees and taxes paid on a country-by-country basis on their annual SEC filings.  Much of this information is already provided to the IRS and making this information more transparent will provide investors, policymakers, and the public with important and relevant information that can be used in decision- and policymaking.  You can read the full letter here.

July is Parks and Recreation Month
Since 1985, the United States has celebrated the month of July as Parks and Recreation Month. Throughout July, we can raise awareness about the opportunities that parks and recreation offers to children, adults, and families together.  Studies have shown protecting open space and natural resources for the public's use assists in treating obesity and other chronic health issues as well as improving mental health. Some of the funding for park and recreation comes from Community Development Block Grant (CDBG) Program.

The CDBG is an economic development tool that strengthens local areas and revitalizes communities. Signed into law in 1974, CDBG has invested more than $145 billion in urban, suburban, and rural communities.  However, the Trump Administration's FY 2018 Budget proposes eliminating CDBG funding, which would not only be harmful to local parks but also home rehabilitation, senior home services, winter heating, and shelters for women, children, and homeless. Rep. Levin will continue to fight for the CDBG program for Michigan residents and communities.

Rep. Levin Speaks on the Passing of Liu Xiaobo
On Monday, Rep. Levin spoke on the House floor about the life and legacy of Chinese activist and Nobel Peace Prize Laureate, Liu Xiaobo, who recently died in China.  Click here to read Rep. Levin's full remarks. 

Rep Levin Advocates for Afghan Female Students
Rep. Levin joined other Members of Congress in writing Secretary of State Tillerson to reconsider granting six Afghan female students visas to visit the United States and compete in FIRST Global, an international robotics challenge to be held in Washington beginning July 16. These young women have spent months developing a ball-sorting robot to present at this global challenge. The initial denial of visas for these young women who only sought to participate in competition premised on global connection and innovation contradicted the State Department's own mission of fostering security and stability through peace. Supporting women's education has been a key component of our diplomacy.  After sending the letter, U.S. officials reversed their decision and granted visas to allow the participants entry into the United States.  Click here to read the full letter.

This week on the House floor:
This week the House will consider legislation that guts the Clean Air Act, threatens public health, and delays implementation of the 2015 National Ambient Air Quality Standards (H.R. 806).  The House will also consider legislation that unnecessarily changes the process for considering natural gas pipeline applications at the expense of private property owners, states, and the environment (H.R. 2910) as well a bill that removes the requirement that proposed pipeline and transmission lines that cross U.S. borders obtain a presidential permit and replaces it with one that limits environmental review and exempts certain projects (H.R. 2883).  The last bill up for consideration will mandate a land exchange between the Department of the Interior and the State of Alaska for the purpose of constructing a road through a national wildlife refuge that has been determined would cause irreparable damage to the ecosystem (H.R. 218).