Tag: Scott Garrett

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Garret Responds to Clinton Protege Josh Gottheimer Claims He is Weak on Terror

Scott Garrett

Garrett on the campaign trail 

April 24,2016
the staff of the Ridgewood blog

Ridgewood Nj, On Wednesday, Democrat Josh Gottheimer, challenger in the race for New Jersey’s 5th Congressional District questioned incumbent Republican Scott Garrett’s stance on terror at a campaign event in Bergenfield, New Jersey.

Challenger Gottheimer appeared with United Airline pilots and members of the Air Line Pilots Association who said that Garrett opposes a proposed safety measure for “secondary cockpit barriers” that would prevent terrorists from entering the cockpit.

While Gottheimer’s charges elicited a giggle , especially coming from a protege of Hillary Clinton who has come under heavy scrutiny for her tenure as Secretary of State and a Democratic administration that will not even use the words ,”Islamic Terrorism” who also criticized former president Bush claiming the “war of terror” was nothing more than a made up .

The Garrett campaign responded to Gottheimer’s clueless remarks and characterization that the Congressman is weak on terror.with a litany on anti terror legislation the Congressmen Garrett has worked on .

“Congressman Garrett’s record on the fight against terrorism and protecting the American people is strong and the repeated false attacks from his opponent are nothing but a sloppy attempt to tell a story that simply isn’t true,” said Sarah Neibart, Campaign Manager for Scott Garrett.

In fact, Congressman Garrett was a leading voice against the nuclear deal with Iran–one of the most devious state sponsors of terrorism on the planet–despite support from Gottheimer’s friends in the Democrat establishment like Hillary Clinton and her cronies,” Neibart added.

Garrett , “Iran Nuke deal” saying “As I’ve said since the beginning of these negotiations, any agreement that allows Iran to acquire, build, or proliferate nuclear weapons—now or in the future—is a threat to the United States and its allies. The Iranian regime has done nothing to prove that it has earned the trust or respect of the international community, and therefore should not be rewarded with good faith gestures or sanctions relief.

“With this deal, a timetable is set where Iran can organize, increase military capabilities, raise funds, and prepare for deadlines where they will be able to acquire ballistic weapons and continue their nuclear proliferation. This could create a nuclear arms race in the Middle East and further destabilize an increasingly volatile region. Congress must ensure the terrorist state of Iran never has a chance to threaten the world with nuclear weapons.”

“Additionally, please see the attached list of bills that Congressman Garrett has supported in the 114th Congress that have passed the House. They are related to the issues you wrote about in the published article.”

H.R. 4408 — National Strategy to Combat Terrorist Travel Act of 2016, as amended (Rep. Katko, R-NY) This legislation requires the creation of an implementation plan from the President in order to ensure that our defenses against terrorist travel are streamlined and that existing security gaps are closed.

H.R. 720 – Gerardo Hernandez Airport Security Act of 2015, Rep. John Katko (R-NY) This legislation makes important advancements in enhancing our ability to prepare and mitigate threats in our nation’s airports. It addresses gaps in security at domestic airports by requiring enhanced security and communication at airports nationwide. Specifically, it requires TSA to verify that all airports and high-risk surface transportation hubs have an appropriate security response plan in place to effectively train for and respond to security incidents when they occur. Further, it will ensure that emergency communications equipment is regularly tested and that emergency first-responders are able to communicate with each other and the public during a major security incident.

H.R. 2770 – Keeping our Travelers Safe and Secure Act, Rep. Kathleen Rice (D-NY) This legislation eliminates the risks and threats posed to our aviation sector by ensuring airport screening equipment is properly maintained and kept fully operational. It requires the Administrator of the Transportation Security Administration (TSA) to develop and implement a comprehensive preventive maintenance process for airport screening equipment. The process must include specific maintenance schedules, guidance for TSA personnel and contractors on how to conduct and document maintenance actions, mechanisms to insure compliance, and penalties for noncompliance.

H.R. 3144 – Partners for Aviation Security Act, Rep. Donald Payne, Jr. (D-NJ) This legislation would ensure robust and continual collaboration between the TSA and aviation stakeholders to identify and understand security concerns. In addition to requiring TSA consultation with key stakeholders, this legislation requires a TSA report on the Transportation Security Oversight Board and makes a technical correction to existing law to ensure that there are no lapses in activity for the Aviation Security Advisory Committee.

H.R. 3586 – Border and Maritime Coordination Improvement Act, Rep. Candice Miller (R-MI) This legislation addresses the deficiencies that plague our border security efforts, which drive up costs and limit effectiveness according to DHS officials. To address these deficiencies, this legislation requires increased collaboration and communication between DHS’ diverse operational components and gives them the flexibility to utilize public-private partnerships to better secure our borders.

H.R. 4509 — State and High-Risk Urban Area Working Group Act (Rep. Payne, D-NJ) This legislation fixes the lack of coordination between all those involved in community response to a terror attack. This legislation would address this issue by ensuring that decision-makers, including school officials and public health officials, work together to gain a complete understanding of a community’s vulnerabilities so that investments can be prioritized appropriately.

H.R. 4403 — Enhancing Overseas Traveler Vetting Act (Rep. Hurd, R-TX) This legislation helps prevent terrorists from traveling undetected to and from western countries. Specifically, this legislation rapidly increases the United States’ ability to share proven technologies with our allies. It authorizes the United States to develop and share open-source software that will help our European allies vet travelers and identify known or suspected jihadists.

H.R. 2750—Improved Security Vetting for Aviation Workers Act, as amended (Rep. Katko, R-NY) This legislation strengthens the vetting of employees who have sensitive access within our nation’s airports. The Department of Homeland Security Inspector General issued a report in June which found that a stunning 73 aviation workers have ties to terrorism. This legislation would ensure that airport employees are properly vetted to keep travelers safe and secure.

H.R. 1300—First Responder Anthrax Preparedness Act, (Rep. King, R-NY) This legislation would enhance the nation’s capability to fight a wide-area anthrax attack by providing pre-vaccinated responders with the ability to immediately and confidently deploy countermeasures with the protections needed for such activities.

H.R. 1634— Border Security Technology Accountability Act of 2015, as amended (Rep. McSally, R-AZ) This legislation addresses the numerous reports to Congress that DHS acquisition programs are a “high risk” for waste, fraud, and abuse. This legislation requires cost control mechanisms for new border technology projects, safeguarding taxpayer dollars and improving the oversight of major DHS acquisition programs.

H.R. 3102—Airport Access Control Security Improvement Act of 2015, (Rep. Katko, R-NY) This legislation is in response to several recent incidents in which airport and airline employees used their security credentials to bypass security screening and transport prohibited items, including illegal drugs and guns, into secure areas of airports and onto commercial flights. The legislation will streamline and strengthen the Transportation Security Administration’s (TSA) screening procedures for airport and airline employees by requiring the TSA Administrator to establish a risk-based, intelligence-driven screening model that subjects employees to more frequent, more randomized security screenings and minimizes the number of employee entry and exit points.

H.R. 3510—Department of Homeland Security Cybersecurity Strategy Act of 2015, 2015 (Rep. Richmond, D-LA) This legislation directs the Secretary of the Department of Homeland Security to develop a departmental strategy to carry out cybersecurity responsibilities as set forth in law. Improving our nation’s cybersecurity is paramount, and this legislation ensures that DHS is able to defend our nation and its people from cyber-attacks.

H.R. 4314 — Counterterrorism Screening and Assistance Act of 2016 (Rep. Zeldin, R-NY) This legislation establishes international border security standards to close security gaps that currently exist that allow terrorists and foreign fighters to travel internationally. The plan would establish international border security standards that would be developed in coordination with all relevant U.S. Government departments and agencies in consultation with the Secretary of Defense, Attorney General, Director of National Intelligence, and Director of the FBI.

H.R. 4401 — Amplifying Local Efforts to Root out Terror Act of 2016, (Rep. Loudermilk, R-GA) This legislation authorizes the Department of Homeland Security (DHS) to train State and major urban area fusion centers (local and state law enforcement personnel) in the most effective tactics and methods used to counter terrorism. It also provides increased community awareness of ongoing terrorist threats, and directs DHS to notify Congress on the number of security clearances they issue to state and local law enforcement communities.

H.R. 3584 — Transportation Security Administration Reform and Improvement Act of 2015 (Rep. Katko, R-NY) This legislation ensures several Congressional oversight priorities for the Transportation Security Administration (TSA) are addressed, including the authorization of the PreCheck program, the advancement of risk-based security initiatives, the enhancement of aviation worker vetting, and the improvement of airport screening technologies.

H.R. 4402 — Foreign Fighter Review Act of 2016, as amended (Rep. Hurd, R-TX) This legislation requires the Department of Homeland Security to do an end to end review of all known foreign fighter travel to identify the specific challenges that law enforcement faces in its attempts to stop individuals from joining terrorist groups in Iraq and Syria. DHS will then submit their findings to Congress so that appropriate action can be taken to improve the security of our nation

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Garrett Tours Bergen Businesses and Schools

Scott Garrett on tour Bergen County

April 9,2016

the staff of the Ridgewood blog

Montvale NJ, Rep. Scott Garret addressed students at Saint Joseph Regional High School in Montvale about the role of Congress and the importance of financial literacy.

Seinfeld GIFs Help Explain the “Fiduciary” Rule

https://financialservices.house.gov/blog/?postid=400499

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Garrett also toured some New Jersey Businesses in Bergen County were “precision” is the name of the game at Glebar Company a manufacturer of industrial equipment in Ramsey. Less precise, however, are the mountains of rules and regulations passed down from Washington, D.C. that bludgeon businesses here at home and depress hiring in New Jersey.

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Garrett also stopped by Nova Electric in Bergenfield to discuss their business and the concerns many Americans are having about the state of the economy.

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Then a trip to Wallkill Valley High School ‘Stuff the Bus’ full of food to help restock the shelves at the Sussex County food pantry. Local initiative always seems more effective the big government one size fits all programs .

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The U.S. Chamber of Commerce Snubs Garrett in favor of Wall Street Bailouts , Amnesty and Crony driven Export-Import Bank

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photo Garrett working to shut down corrupt Import Export bank  

march 22,2016

the  staff of the Ridgewood blog

Ridgewood NJ, The U.S. Chamber of Commerce which favors corporate and Wall Street bailouts, Amnesty for illegals , the crony driven Export-Import Bank to name a few snubs Rep. Scott Garrett in favor of over favor driven politicians . Special interests have clearly put a target on Garrets back. The snub implies Garrett is the tax payers only friend in New Jersey

Which N.J. Republican was snubbed by Chamber of Commerce?

The U.S. Chamber of Commerce feted five of the six New Jersey House Republicans for supporting the business lobby’s positions on issues such as funding transportation, eliminating the tax on multimillion-dollar estates, and renewing the Export-Import Bank. The Auditor, NJ.com Read more

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Garrett: President’s budget reads like a how-to guide for debt, deficit, and taxes

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February 16,2016
the staff of the Ridgewood blog

Ridgewood Nj, Rep. Scott Garrett (NJ-05), a senior member of the House Budget Committee, released the following statement after President Obama unveiled his Fiscal Year 2017 budget proposal to Congress today:

“President Obama’s budget proposal reads like a how-to book on creating debt, raising taxes, and crippling the economy. Unfortunately, the final edition of this wildly unpopular story is full of broken budget policies that hurt New Jersey families and—spoiler alert—it still never balances. And as soon as hardworking families were starting to feel some relief at the fuel pump, the president’s budget proposes a new tax on oil that will increase costs for all Americans.

“It’s unfortunate that, after years of an underperforming economy and a nearly $20 trillion national debt, the president still feels that the best solution is more spending and higher taxes. I’ll continue to fight to rein-in wasteful spending and create a government that is efficient, accountable, and effective so everyone can have the opportunity to get ahead.”

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Wyckoff Democrat launches campaign against Scott Garrett, Bailouts ,Bailouts and More Bailouts

Joshua S

February 8,2016

the staff of the Ridgewood blog

Wyckoff NJ, Former White House speechwriter  officially will seek to oust U.S. Rep. Scott Garrett (R-5th Dist.) with an announcement Monday afternoon in Northvale. U.S. Sen. Cory Booker (D-N.J.) is scheduled to be there as well.

The Wyckoff Democrat Gottheimer is a former speech writer for President Bill Clinton and worked in corporate strategy for Microsoft. He grew up in North Caldwell and has lived for the past four years in Wyckoff with his wife and two children.

“Scott Garrett isn’t pro-family,” Gottheimer said. “He’s not pro-business. He’s Dr. No. Dr. No to everything, and that hurts families here in New Jersey.”

So what is Josh Gottheimer for ? In one word BAILOUTS!

At a September possible Democratic candidate Gottheimer fundraiser that came less than a week after James Cicconi, the RINO Republican head of external affairs at AT&T Inc., and JPMorgan Chase & Co.’s Peter Scher hosted another one for the Democrat.Attendees included executives from Blackstone, Comcast, Verizon, McGraw Hill, U.S. Telecom Association, Tribune Media, United Health, Ogilvy & Mather, Raben Group and Akin Group. The invitation for the event had said it was “an excellent opportunity to oust one of the most conservative members of the House of Representatives.”

Bloomberg News, which was the first to report plans for the Cicconi fundraiser, said some business executives had already been growing tired of Garrett. They were apparently bothered by his vote against big spending former Speaker John Boehner,and were troubled that he has opposed the crony driven , taxpayer funded corporate welfare,  Export-Import Bank.

Garret also strongly opposes bailouts and in 2010 said , “The American people are tired of the safety net that has been provided to Wall Street. They want to put an end to the continued bailouts, and the bill currently under consideration in the Senate fails to accomplish this task. Wall Street is not afraid of this bill – as a matter of fact, Goldman Sachs, the same bank that has been charged by the SEC with fraud — and which also happens to have been President Obama’s single largest corporate donor in 2008 — has endorsed much of it. Goldman supports the bill because they know that it gives them and others an advantage in the marketplace by allowing their shareholders and creditors to be bailed out if they get into trouble because of the risks they take. …. We must end the era of bailouts and stop rewarding banks like Goldman Sachs with regulation that fails to protect American taxpayers.”

This stand against corporate bailouts and industry sponsored Dodd Frank has made Garrett unpopular in certian parts of the business community . In 2011 Garrett issued a strongly worded statement on Dodd Frank and the institutionalized “too big to fail policy”  , “In the wake of the financial crisis of 2008, Democrats insisted that more regulation was the answer to our problems and that they had the right prescription to address the ailments of our financial system.  As it turns out, the 2,000 page bill they produced was not the right solution.  One year after it was signed into law, Dodd-Frank has done little to prevent another financial collapse, it has failed to streamline and simplify regulation, and it has actually codified ‘too big to fail’ and taxpayer bailouts into statute.  When the American people asked for limited government, less burdensome regulation, debt reduction and, most importantly, job creation, this was hardly the solution they had in mind.”

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Garrett Votes to Put Americans back in Charge of their Health Care Choices

scott garrett in wyckoff

Feb 5, 2016
the staff of the Ridgewood blog

WASHINGTON, D.C. – Rep. Scott Garrett (NJ-05) issued the following statement after voting for H.R. 3762, the Restoring Americans’ Healthcare Freedom Reconciliation Act, Objections of the President Notwithstanding:

“Today I voted to override the president’s veto of the ObamaCare repeal bill because Washington bureaucrats have no place standing between hardworking families and their health care choices. ObamaCare forces American families out of their insurance, skyrockets the cost of care, and stifles the ability of businesses to create jobs. I will continue to fight for families and their right to make their own health care decisions.”

In October Garrett pushed for the Healthcare Freedom Reconciliation Act , “The last thing New Jersey families need is an unaccountable Washington bureaucrat driving a wedge between them and their doctors or limiting their access to quality health care. Today I supported the Restoring Americans’ Healthcare Freedom Reconciliation Act because Americans deserve the repeal of ObamaCare’s most onerous and costly mandates, and they deserve to be put back in charge of their own health care choices.”

Despite the media hype the disaster that is Obamacare has been well documented . Here are just a few real examples off of social media posts .

“A gentlemen Im friends with was paying 300 a month for insurance on a family of 4. Now because of Obamacare It went to 700 a month and now cant afford it and dropped it and doesnt have it, when he filed taxes was fined 900 dollars because he was unable to provide for his family paying a total of 8400 a year for insurance, kinda seems that they want working people to pay for their family , as well as another family that wont work , an if they dont they pay a fine. Does anybody remember what our great politicians said about this program ? All lies ” David H”I said it two years ago and I will say it again, Obamacare is an epic fail for this country. I couldn’t afford insurance 2 years ago and things have increased since then. My girls insurance premiums have doubled and their deductibles have tripled. Not only that this plan that is supposed to be “AFFORDABLE” covers NOTHING…NOTHING until my deductible is met. I pay full price for doctors visits, x-rays, medication, specialist until the deductible is met. So basically I am required to pay the premium and pay for everything on top of it. Honestly I just need to quit working, reduce my income by 1/2 and get all this stuff for free. Health care is affordable if your rich or if your poor. The people in the middle that are grinding it out every day get screwed….again.”  Jake C

” I was getting FREE MEDS from Johnson & Johnson because I have a life threatening Pancreas Condition. As soon as ObamaCare kicked in first my Doctor was changed to one I dont know and who does not even have my medical records. I had to fight and 3 times they tried to change my Doctor to one who is 25 miles away. I REFUSED EACH TIME! Then Obamacare stopped me from getting my Pancreas pills and I was told I had to take different pills which did not work causing me great stomach pain. With Obamacare you dont get the best meds you get the cheapest ones possible and many times they have side effects or dont work. I have had to fight the effects of ObamaCare many times. I went to the Senior Citizen Center when I became 65 and they helped me find a Health Care provider who will supply my Pancreas pills. Out of 50 available only 1 would pay for my meds. I READ OBAMACAREBEFORE IT WAS MADE A ILLEGAL LAW. I knew what is contained. I tried to tell others and they would not listen. I had to wait 3 years for the people to find out themselves. ObamaCare is CRAP! The only ones being helped are those who had previous medical conditions and those who could not afford health care coverage. So 20 % are being helped by ObamaCareand 80% are paying the huge price.” Mary M
see more real feedback  : https://mychal-massie.com/premium/speak-out-your-obamacare/
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Rep. Garrett Says Freddie Mac’s Third Quarter Losses is back to business as usual

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Rep. Garrett Says Freddie Mac’s Third Quarter Losses is back to business as usual
Nov 3, 2015

the staff of the Ridgewood blog

WASHINGTON, D.C. – Rep. Scott Garrett, Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, issued the following statement after Freddie Mac posted a third quarter loss of nearly half a billion dollars:

“We’re back to business as usual at mortgage giant Freddie Mac. Its third quarter losses are a harsh reminder of the not so distant past where its monumental failures cost hardworking American taxpayers untold billions of dollars. It’s not fair to expose American families to Fannie and Freddie’s liabilities, and it’s not fair to reward executives at these government-sponsored enterprises with huge salaries while taxpayers are on the hook for more bailouts. We need to stop the bailouts and limit executive pay as long as Fannie and Freddie’s misguided leadership continues to cost Americans money.”

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Garrett Votes to Protect Retirement Planning for Middle Class New Jerseyans

scott garret 018

Oct 27, 2015
the staff of the Ridgewood blog

WASHINGTON, D.C. – Rep. Scott Garrett (NJ-05) Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, issued the following statement after voting for H.R. 1090, the Retail Investor Protection Act:

Rep. Garrett speaks in support of the Retail Investor Protection Act
and the retirement savings of hard working New Jersey families on the House Floor.

“Today the House stood up for New Jersey families who are scraping and saving their hard-earned money to have a comfortable retirement by giving them the ability to make investment choices that are right for them. If the Department of Labor (DoL) rule goes forward, access to good financial advice will become a privilege enjoyed only by the wealthy.  The Retail Investor Protection Act will ensure that the DoL’s proposed rule won’t inflict even more damage on middle and lower income Americans who are seeking guidance from a financial professional about their retirement savings.”

Background:

The DoL’s proposed rule changes to The Employee Retirement Income Security Act of 1974 (ERISA) could limit the access of middle and lower income Americans to retirement planning and investment guidance. Because of the heightened liability for providers contained in the rule, account minimums will rise – in some cases to as high as $100,000 – leaving millions of Americans without access to their financial advisor.  The Retail Investor Protection Act would prohibit the Secretary of Labor from issuing any regulation that would define when an individual would be considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule which would govern standards of conduct for dealers and brokers under the Dodd-Frank Act.

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Garrett Fights to Restore Due Process Rights for All American Investors

scott garrett

Scott Garrett with Franklin Lakes residents at their annual town fair.
Oct 22, 2015
the staff of the Ridgewood blog

WASHINGTON, D.C. – Rep. Scott Garrett (NJ-05), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, today introduced H.R. 3798, the Due Process Restoration Act. This legislation will rein-in the Securities and Exchange Commission’s (SEC) controversial overuse of in-house administrative law judges (ALJs) and ensure that all Americans are given due process by allowing defendants the option of having their case heard before a federal court.

“Strong enforcement of the securities laws is an essential part of the SEC’s mission to protect investors and maintain a fair and efficient marketplace, but in recent years the agency has transformed into a veritable judge, jury, and executioner with its blatant overuse of their in-house courts,” said Garrett. “Every American has the constitutional right to defend themselves before a fair and impartial court, and the Due Process Restoration Act will go a long way towards protecting the rights of the innocent while maintaining the ability of the SEC to punish wrongdoers.”

The Due Process Restoration Act will:

Provide a mandatory right of removal allowing the defendant to request that the case be moved to a district court
Grant a right of removal to defendants who are subject to a cease and desist order and monetary penalty that the commission is seeking
Raise the burden of proof for cases that remain in the ALJ to a higher “clear and convincing evidence” standard

Background:

In the wake of the 2010 Dodd-Frank Act, which granted the SEC expanded administrative enforcement powers, the SEC started trying an increasing number of alleged wrongdoers before its in-house administrative panels rather than in the federal courts established by Article III of the Constitution.

The Wall Street Journal reported that from October 2010 through March of this year, the SEC won 90 percent of cases that came before SEC judges.  In contrast, the SEC achieved less than a 70 percent outcome when the case is held in federal court. In addition to its success rate, the overall number of cases before the Commission’s in-house panels has increased nearly 75 percent over the past ten years.

The SEC has heard repeated criticism of these in-house panels from defendants who feel they weren’t given due process, former SEC judges who felt pressure to rule in favor of the Commission, and U.S. District Judges who find the panels unconstitutional.

The Commission recently announced that it will be giving more legal safeguards to defendants that come before its in-house administrative panels. Unfortunately, the SEC’s proposed changes fall well short of addressing many of these concerns and its enforcement practices continue to violate the separation of powers guaranteed by the Constitution.

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Financial industry not abandoning Garrett

Scott_Garrett_theridgewoodblog

By Jonathan D. Salant | NJ Advance Media for NJ.com

WASHINGTON — If U.S. Rep. Scott Garrett faced a backlash from his comments earlier this yearabout not supporting gay candidates, it didn’t come from the financial industry.

Political action committees representing banks, insurers, investors and other industries regulated by the House Financial Services Committee accounted for more than $8 of every $10 in PAC money Garrett raised during the last three months, Federal Election Commission filings show.

Garrett (R-5th Dist.) raised $63,500 in PAC money from July 1 to Sept. 30, with $52,000, or 82 percent, coming from the financial industry. Overall, he took in $179,486 during the three-month period, bringing his 2015 total to $574,164.

That trailed his expected Democratic opponent, former White House speechwriter Josh Gottheimer, who brought in more than $1 million, including $400,232 in the last three months.

https://www.nj.com/politics/index.ssf/2015/10/financial_industry_not_abandoning_njs_garrett.html

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Speaker fight gives Scott Garrett a boost in D.C.

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Rep. Scott Garrett, R-Wantage, talks to West Bergen Tea Party members at their monthly meeting at Larkin House in Wyckoff on Aug. 25, 2015

Speaker fight gives Scott Garrett a boost in D.C.

OCTOBER 11, 2015, 8:39 PM    LAST UPDATED: SUNDAY, OCTOBER 11, 2015, 10:36 PM
BY HERB JACKSON
RECORD COLUMNIST |
THE RECORD

In July, moderate Republicans in the House wanted Speaker John Boehner to strip Rep. Scott Garrett, New Jersey’s most conservative congressman, of his subcommittee chairmanship. That effort came a short time after Garrett told Republican leaders that he would not contribute to or raise money for his party’s campaign committee because it supported gay candidates.

But last month, it was Boehner who decided to give up his gavel, and last week the man he favored to succeed him as speaker, Majority Leader Kevin McCarthy, withdrew his candidacy. A major factor in both events was opposition from the 30 to 40 members of the arch-conservative House Freedom Caucus, co-founded by Garrett.

Now Garrett’s position as chairman of a subcommittee that regulates Wall Street may have become even safer. As a leader of a group the next speaker will be seeking to woo, Garrett appears less likely to face a reprimand for not paying his party dues.

While it could still turn out that moderates get the next speaker to marginalize the power of the Freedom Caucus — Rep. Peter King, R-N.Y., said Friday that the group “should have been crushed long ago” — the only way a Republican could become speaker without Freedom Caucus votes is by brokering a deal with Democrats.

What is far from clear, however, is whether the leadership battle will provide a long-term political boost to Garrett himself.

https://www.northjersey.com/news/jackson-speaker-fight-gives-scott-garrett-a-boost-in-d-c-1.1430349

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Rep, Scott Garrett’s Freedom Caucus backs Webster for Speaker

Congressman Daniel Webster

October 07, 2015, 05:04 pm
By Cristina Marcos

The conservative House Freedom Caucus is endorsing Rep. Daniel Webster (R-Fla.) for Speaker, potentially preventing any candidate from securing enough votes to win the gavel on the House floor.

The endorsement of Webster, who won just 12 votes for Speaker against now-retiring John Boehner (R-Ohio) in January, is a blow to House Majority Leader Kevin McCarthy (R-Calif.), the leading candidate for the position.

The conservative House Freedom Caucus is endorsing Rep. Daniel Webster (R-Fla.) for Speaker, potentially preventing any candidate from securing enough votes to win the gavel on the House floor.

The endorsement of Webster, who won just 12 votes for Speaker against now-retiring John Boehner (R-Ohio) in January, is a blow to House Majority Leader Kevin McCarthy (R-Calif.), the leading candidate for the position.

https://thehill.com/blogs/floor-action/house/256270-freedom-caucus-endorses-rep-webster-for-speaker

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House passes N.J.’s Garrett bill to make company disclosures easier to read

scott_garrett_KofC_theridgewoodblog

By Jonathan D. Salant | NJ Advance Media for NJ.com

WASHINGTON — The U.S. House on Tuesday passed legislation designed to make annual reports and other disclosures by publicly traded companies easier to read.

The Disclosure Modernization and Simplification Act of 2015, sponsored by U.S. Rep. Scott Garrett (R-5th Dist.) passed on voice vote.

It requires the Securities and Exchange Commission to eliminate requirements for disclosures not needed by investors, and asks the SEC to study how to reduce such paperwork in the future, using technology to improve the delivery and presentation of such disclosures. In addition, annual reports could include summary pages that refer to materials provided in earlier filings.

“You just want to have clarity,” said Garrett, chairman of the House Financial Services subcommittee on capital markets and government sponsored enterprises, said on the House floor. “That’s what our bill does. It just makes it a little bit simpler.

https://www.nj.com/politics/index.ssf/2015/10/house_passes_njs_garrett_bill_to_make_company_disc.html

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Rep. Scott Garrett : With Iran Nuke Deal “the Obama Administration failed the American people, it failed our allies around the world, and it failed future generations”

scottgarrett2_theridgewoodblog

September 11,2015

the staff of the Ridgewood blog

Ridgewoood NJ,Rep Scott Garrett R-NJ 5th District ,voted NO on the Obama Admin , seemingly suicidal Nuke Deal with Iran .Garret made his strongest statement yet  on the Administrations latest foreign Policy fiasco .

The somberness of the 14th anniversary of 9/11 ,Garrett commented that , “We will never forget those we lost. We will never forget those who ran into danger to help their fellow man and woman. We will never forget that evil forces still conspire to destroy our very way of life. And we will never forget those who sacrifice everything to defend our freedom.”

Garrett adressed the Iran Nuke deal vote specifically saying , “Today I voted against this terrible Iran nuclear deal. If enacted, this deal will give Iran sanctions relief and a path to obtaining a nuclear weapon while jeopardizing the security of the United States and its allies. It will allow Iran to generate weapons grade nuclear materials in 15 years, possess intercontinental ballistic missiles in eight years, and receive a multi-billion dollar financial windfall in sanctions relief to fund their nuclear program.

As a member of the special committee that implemented sanctions on Iran, I understand the severity of this situation. The Obama Administration failed the American people, it failed our allies around the world, and it failed future generations that will live in a more dangerous world with a nuclear-armed Iran. This fight isn’t over. I will continue to do everything in my power to keep nuclear weapons out of the hands of known terrorists”

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Garrett Pushes Main Street Growth Act to Jumpstart Small Business Growth and Jobs

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Non-Accredited Equity Crowdfunding Investors Need a Path to Liquidity

Jul 27, 2015 by Scott Shane In VC & Angel Capital

PeerRealty, a real estate crowdfunding platform, recently introduced CFX, the U.S.’s first secondary market for equity crowdfunding shares. For accredited investors, this exchange will improve the liquidity of equity crowdfunding investments.

Unfortunately, only accredited investors can use the platform. Equity crowdfunding investments made by non-accredited investors remain as liquid as ice.

This lack of liquidity creates a big problem. With the implementation of the rules for Title IV of the Jumpstart Our Business Startups (JOBS) Act in June, non-accredited investors — people with less than $1 million in net worth or $200,000 in annual income if single and $300,000 if married — can now buy shares in private companies through equity crowdfunding portals.

But non-accredited investors can’t sell those same shares. Unlike accredited investors who can go to PeerRealty to sell their securities, unaccredited investors have to wait for the companies in which they have invested to go public or get acquired to cash out. And if venture capital and angel group investments are any guide to the time to exit for young companies, then these unaccredited investors will be waiting five to ten years for liquidity. Of course, that’s if the companies in which they have invested are the kind that will be purchased or go public.

Securities and Exchange Commissioner (SEC) Daniel Gallagher has recognized this problem, calling for a solution to the ill-liquidity of crowdfunding securities in a September 17, 2014, speech.

Specifically, he said, “I’ve called for the creation of ‘Venture Exchanges’: national exchanges, with trading and listing rules tailored for smaller companies, including those engaging in issuances under Regulation A.”

Congressman Scott Garrett, the New Jersey Republican who chairs the Subcommittee on Capital Markets and Government-Sponsored Enterprises of the House has taken the issue to Capitol Hill. He has put forth a discussion draft of the Main Street Growth Act (PDF) – a bill that would “amend the Securities Exchange Act of 1934 to allow for the creation of venture exchanges to promote liquidity of venture securities, and for other purposes.”[/fusion_text]