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Eleanor Holmes Norton on Corporations

Democratic Representative (DC-Delegate)

 


Expand lending caps for credit unions to small business.

Norton co-sponsored Small Business Lending Enhancement Act

Congressional Summary:

Supporter's Comments: (by CUNA, a pro-credit union organization)
America's small businesses are the engine of growth of our nation's economy. The effects of the financial crisis of the past few years have spread to all types of lending, resulting in a reduction in the availability of business credit. At a time when banks are withdrawing credit from America's small businesses, credit unions have actually been expanding credit to small businesses, but with more credit unions approaching the cap, this growth is threatened. Congress should enact legislation which increases the credit union member business lending cap from 12.25% of assets to 27.5% for well-capitalized credit unions

Opponent's Comments: (by the Independent Community Banks of America, Nov. 15, 2012)
The tax-subsidized credit union industry is pressing for doubling the statutory cap Congress placed on member business loans. Shifting assets from tax-paying banks to tax-exempt credit unions would reduce tax revenue to the government; the CBO estimates the revenue impact at $354 million over 10 years. We believe that banks are currently meeting the needs of credit-worthy businesses, as substantiated by numerous business surveys.

Source: HR1418 /S2231 12-S2231 on Mar 22, 2012

Corporate political spending is not free speech.

Norton signed Constitutional Amendment to overturn Citizens United

Constitutional Amendment

  1. Whereas the right to vote in public elections belongs only to natural persons, so shall the ability to make contributions and expenditures to influence the outcome of public elections belong only to natural persons.
  2. Nothing in this Constitution shall be construed to restrict the power of Congress and the States to protect the integrity and fairness of the electoral process, limit the corrupting influence of private wealth in public elections, and guarantee the dependence of elected officials on the people alone by taking actions which may include the establishment of systems of public financing for elections, or the imposition of requirements to ensure the disclosure of [election] contributions and expenditures.
  3. Nothing in this Article shall be construed to alter the freedom of the press.

Opponents recommend voting NO because:[Supreme Court majority opinion in Citizens United v. Federal Election Commission, for which the Constitutional Amendment is proposed as a remedy. The FEC had ruled that the movie "Hillary", released in 2008 to persuade voters against Hillary Clinton, was illegal because it was a disguised campaign contribution made by a corporation. The Supreme Court overruled the FEC]:

Modern day movies might portray public officials in unflattering ways. Yet if a covered transmission [is broadcast] during the blackout period, a felony occurs solely because a corporation, [instead of a candidate or donors, paid] in order to engage in political speech. Speech would be suppressed in the realm where its necessity is most evident: in the public dialogue preceding a real election. Governments are often hostile to speech, but it seems stranger than fiction for our Government to make this political speech a crime. Some members of the public might consider Hillary to be insightful and instructive; some might find it to be [unfair]; those assessments, however, are not for the Government to make.

Source: H.J.RES.34 / S.J.RES.11 14_HJR34 on Mar 12, 2013

2016-17 Governor, House and Senate candidates on Corporations: Eleanor Holmes Norton on other issues:
[Title7]

Newly-elected Democrats taking office Jan.2017:
AZ-1:O`Halleran(D)
CA-17:Khanna(D)
CA-20:Panetta(D)
CA-24:Carbajal(D)
CA-44:Barragan(D)
CA-46:Correa(D)
DE-0:Rochester(D)
FL-5:Lawson(D)
FL-7:Murphy(D)
FL-9:Soto(D)
FL-10:Demings(D)
FL-13:Crist(D)
HI-1:Hanabusa(D)
IL-10:Schneider(D)
IL-8:Krishnamoorthi(D)
MD-4:Brown(D)
MD-8:Raskin(D)
NH-1:Shea-Porter(D)
NJ-5:Gottheimer(D)
NV-3:Rosen(D)
NV-4:Kihuen(D)
NY-3:Suozzi(D)
NY-13:Espaillat(D)
PA-2:Evans(D)
TX-15:Gonzalez(D)
VA-4:McEachin(D)
WA-7:Jayapal(D)
Newly-elected Republicans taking office Jan.2017:
AZ-5:Biggs(R)
FL-1:Gaetz(R)
FL-2:Dunn(R)
FL-18:Mast(R)
FL-19:Rooney(R)
FL-4:Rutherford(R)
GA-3:Ferguson(R)
IN-3:Banks(R)
IN-9:Hollingsworth(R)
KS-1:Marshall(R)
KY-1:Comer(R)
MI-1:Bergman(R)
MI-10:Mitchell(R)
MN-2:Lewis(R)
NC-13:Budd(R)
NE-2:Bacon(R)
NY-19:Faso(R)
NY-22:Tenney(R)
PA-8:Fitzpatrick(R)
TN-8:Kustoff(R)
TX-19:Arrington(R)
VA-2:Taylor(R)
VA-5:Garrett(R)
WI-8:Gallagher(R)
WY-0:Cheney(R)
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Page last updated: Jan 28, 2017