A few Republicans in Congress have offered various alternatives to financial reform legislation. Most of their rhetoric about fixing the Wall Street collapse is factually bankrupt. In December, I voted with the House majority for the comprehensive Wall Street Reform and Consumer Protection Act (H.R. 4173), which is now being debated in the U.S. Senate. The bill is aimed at making the necessary ch... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today announced the introduction of bipartisan legislation he sponsored that will make it easier for communities to develop the facilities they need, and create jobs through the development projects. “Most communities are slashing their budgets in the face of these austere times. That is why I am proud to sponsor this legislation in order to help communities ... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today released the following statement with regard to the NBA Board of Governors’ approval of the sale of the New Jersey Nets to Mr. Mikhail Prokhorov. “The NBA Board of Governors’ decision to ratify Atlantic Yards Developer Bruce Ratner’s sale of the New Jersey Nets to Russian oligarch Mikhail Prokhorov is extremely short-sighted. I am disappointed in the NB... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today applauded Senators Robert Menendez and Mike Crapo after they introduced The Sustainable Water Infrastructure Investment Act, which Pascrell sponsored in the House of Representatives. The legislation would allow greater use of tax-exempt private activity bonds by local governments to finance these projects. These bonds are subject to an annual cap, but t... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today responded to the National Basketball Association with a letter outlining the public record business dealings of Mikhail Prokhorov, the Russian billionaire and prospective owner of the New Jersey Nets. The letter cites specific examples of Renaissance Capital’s business with individuals and entities that have close ties to the Mugabe regime. U.S. economi... Read more »

In an effort to help those defrauded by deceptive investment brokers, U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today introduced the bipartisan Ponzi Scheme Victim’s Tax Relief Act of 2010. “No one wants to fall victim to a Ponzi scheme. Bernie Madoff’s deception, as well as the deception of others schemers across the county, was deplorably shocking. In addition to countless small investors and retir... Read more »

On the eve of this year’s tax return deadline, U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today voted with the House majority in support of the Taxpayer Assistance Act of 2010, H.R. 4994. The legislation, which passed with a vote of 399-9, includes a variety of provisions to help working class taxpayers. “Ultimately, this legislation is aimed at making sure everyone, including the Internal Revenue Ser... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) today called upon U.S. Treasury Secretary Timothy Geithner to investigate would-be New Jersey Nets owner Mikhail Prokhorov upon revelations in today’s edition of The New York Post that the Russian billionaire has been doing business in Zimbabwe. Prokhorov’s dealings in the nation oppressed by dictator Robert Mugabe’s regime are in apparent violation of U.S. e... Read more »

Less than a week after the legislation was released from a House committee, U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) voted with a majority of Congress in favor of the Small Business and Infrastructure Jobs Tax Act of 2010, H.R. 4849. The vote on final passage was 246-178. “By passing my water bill, the House is showing that jobs are our top priority,” said Pascrell, a member of the House Ways and Me... Read more »

Because of the magnitude of the tragic earthquakes in Haiti and Chile, and the need to encourage Americans to be as responsive to the Chilean disaster as we were to Haiti’s earthquake, U.S. Rep. Bill Pascrell, Jr. (D-NJ-8) voted today with the House majority in favor of legislation that allows for an earlier tax deduction of charitable contributions to Chile. The same legislation, which passed by... Read more »