Justin Sykes

Rep. Hensarling’s Financial CHOICE Act Reins in Dodd-Frank, Increases Consumer Protections

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Posted by Justin Sykes on Thursday, July 14th, 2016, 11:15 AM PERMALINK


House Financial Services Chairman Jeb Hensarling’s (R-Texas) recently introduced Financial CHOICE Act (FCA) looks to rein in a myriad of onerous and costly regulations enacted under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). In introducing the Act, Chairman Hensarling hopes to give Americans new ability to achieve financial independence and raise their standards of living, while also promoting economic growth for the economy as a whole.

Signed into law by President Obama in 2010, the Dodd-Frank Act was aimed at promoting financial stability in the U.S. However, since enactment Dodd-Frank has only increased financial instability, reduced consumer access while increasing costs, and burdened businesses with billions in compliance expenditures.

Dodd-Frank provisions such as the Durbin Amendment, Volcker Rule, and rules governing fiduciary duties lessen market liquidity and reduce access to financial products and services for millions of Americans. The creation of the Consumer Financial Protection Bureau (CFPB) under Dodd-Frank empowered a new wave of unelected bureaucrats to essentially outlaw financial products unilaterally.

Thankfully, Chairman Hensarling’s Financial CHOICE Act provides much needed relief for financial consumers and U.S. businesses that have suffered under Dodd-Frank. The Financial CHOICE Act contains a number of pro-growth and pro-consumer reforms aimed at lessening Dodd-Frank’s regulatory burden and economic impact.  

Some of the most needed reforms under the Financial CHOICE Act are provisions reining in the CFPB.  For years the CFPB has been able to unilaterally ban certain financial services and products it deems “abusive” and has been able to collect personally identifiable information on consumers at will. The CFPB is also not subject to the appropriations process, leaving Congress with little oversight over the Bureau’s actions.

The Financial CHOICE Act would repeal the CFPB’s authority to ban bank products and services it deems “abusive” as well as requiring the Bureau to obtain permission before collecting personal information from consumers. The Act would also repeal the CFPB’s authority to prohibit arbitration, and would replace the current director with a five-member commission subject to congressional oversight and appropriations.

With regard to financial consumers, the Financial CHOICE Act would repeal price controls and regulations under Dodd-Frank’s Durbin Amendment that were imposed on debit card transaction fees. The premise of the Durbin Amendment was that the savings from regulated fees would be passed onto consumers, however studies show consumers have actually lost access to free checking and debit card rewards as a result.

The Financial CHOICE Act would also hold financial regulators accountable by requiring that financial regulations pass a cost-benefit analysis before enactment and that “major” regulations be passed by Congress instead of unilaterally by unelected bureaucrats. 

Other pro-growth and pro-consumer reforms to Dodd-Frank contained in the Financial CHOICE Act include:

  • Repealing the Volcker Rule’s restrictions on proprietary trading;
  • Replacing “Orderly Liquidation Authority” which allows the bailout of financial institutions at the expense of taxpayers;
  • Repealing the authority of the Financial Stability Oversight Council (FSOC) to designate firms as systematically important institutions (SIFIs);
  • Repeal the CFPB’s indirect auto lending guidance; and
  • Make all financial regulatory agencies subject to the REINS Act.

 

These and a number of other reforms contained in the Financial CHOICE Act will be a positive step to reining in costly regulations under Dodd-Frank and ensuring regulators are held accountable.

Overall, Chairman Hensarling’s Financial CHOICE Act will increase financial opportunities and protections for all Americans, end taxpayer funded bailouts, and encourage economic growth through competition, transparency, and innovation. 

 

Photo credit: Gage Skidmore

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ATR Supports H.R. 5499, the Agency Accountability Act (AAA)

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Posted by Justin Sykes on Tuesday, July 12th, 2016, 3:01 PM PERMALINK


American for Tax Reform (ATR) President Grover Norquist today sent a letter to Congressional lawmakers urging support for Representative Gary Palmer's (R-Ala.) Agency Accountability Act (AAA), H.R. 5499.

Congress has granted agencies the authority to collect fines, fees, and other revenues outside of appropriated funds. While most of these funds are used to offset appropriations, a large portion are used by agencies to self-fund programs and operations outside of the normal appropriations process.

H.R. 5499 would correct this discrepancy by requiring that all fines, fees, penalties, and other unappropriated proceeds, be directed to the Treasury, thus making them subject to the appropriations process. Agencies would still receive the funds required to exercise their standard functions, but those funds would now be placed back under Congressional oversight.      

Below is the text of the letter, which can also be found here.

July 12, 2016

Dear Members of Congress,

Americans for Tax Reform (ATR) urges your support of H.R. 5499, the Agency Accountability Act (AAA), introduced by Representative Gary Palmer (R-Ala.). Representative Palmer’s H.R. 5499 would increase transparency and oversight of the funds collected by federal agencies and in doing so would help to restore Congress’s Article I authority by subjecting such funds to the appropriations process.  

Congress has granted agencies the authority to collect fines, fees, and revenue, with a portion of those funds being used to offset appropriations. However, some of these funds do not receive Congressional oversight as to how they are spent, leaving agencies to use those funds to finance programs and functions outside of the typical appropriations process. According to the Office of Management and Budget (OMB), in 2015 the federal government collected over $500 billion in user fees alone. 

Congress’s “power of the purse” is thus being usurped as billions in annual revenue from fines and fees levied by federal agencies escapes the appropriations process. For instance, the Consumer Financial Protection Bureau (CFPB) and Financial Stability Oversight Council (FSOC) receive no appropriated funds from Congress.

H.R. 5499 would work to correct such discrepancies by requiring that all fines, fees, and penalties, and other unappropriated proceeds, be directed to the Treasury, thus making them subject to the appropriations process. Agencies would still receive the funds required to exercise their standard functions, but those funds would now be placed back under Congressional oversight.      

H.R. 5499 is a positive measure to increase Congressional oversight over the actions of federal agencies, thus improving the overall transparency and accountability of the federal government.

I urge you to support and vote for H.R. 5499, the Agency Accountability Act.

Sincerely,

Grover G. Norquist

President

Americans for Tax Reform

 

Photo credit: Zach Stern

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Postal Reform Bill Raises Concerns Ahead of Committee Markup

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Posted by Justin Sykes on Tuesday, July 12th, 2016, 12:03 PM PERMALINK


Today the House Oversight and Government Reform Committee will markup the Postal Service Reform Act of 2016, proposed by Committee Chairman Jason Chaffetz (R-Utah) and the committee's Ranking Member Elijah Cummings (D-Md.).

While the U.S. Postal Service (USPS) is in dire need of reform, given that it has posted consecutive billion dollar losses annually since 2007 and is facing $125 billion in unfunded liabilities, a number of provisions in the Postal Service Reform Act (the Act) are cause for concern.

First, the Act provides for an increase in rates on certain postal products. Such a move has the effect of forcing consumers beholden to a government monopoly to cover USPS shortfalls. Second, the Act works to expand the Postal Service's role to services outside of the USPS's core mission of mail delivery. USPS should not look to expand it's mission to areas such as grocery delivery, banking, and other ill-advised schemes, but instead focus on improving the Postal Service's core mission.

Ahead of the hearing, ATR President Grover Norquist sent a letter today to Chairman Chaffetz, Ranking Member Cummings, and committee members, expressing these concerns. Text of the letter is below:   

July 12, 2016

Dear Chairman Chaffetz, Ranking Member Cummings, and Committee Members:

On behalf of Americans for Tax Reform (ATR), and millions of taxpayers nationwide, we write regarding the House Oversight and Government Reform Committee’s markup today of the Postal Service Reform Act of 2016, introduced by Chairman Jason Chaffetz and Ranking Member Elijah Cummings. 

While increasing the operational efficiency and financial stability of the United States Postal Service (USPS) is a laudable goal, a number of the reforms contained in the Postal Service Reform Act are not in line with achieving that goal. Instead, provisions within the Act providing for the increase of postal rates and an expansion beyond the core mission of mail delivery will only perpetuate many of the issues already plaguing the Postal Service. 

It is no secret the Postal Service has suffered from prolonged financial instability. Since 2007 the Postal Service has consecutively posted billions in losses and is facing $125 billion in unfunded liabilities, most of which is due in part to the decline of traditional mail. 

Although these issues are concerning, the answer should not be reforms that increase rates on some of the Postal Service’s most profitable products, essentially forcing consumers beholden to a government monopoly to cover USPS shortfalls. It is also not the answer to expand USPS services further outside of the core mission of mail delivery by creating a “Chief Innovation Officer” tasked with developing and implementing “nonpostal products and services.”

Lawmakers should instead look to make meaningful reforms that focus on improving the efficiency of the Postal Service’s core mission of mail delivery and increase operational transparency and accountability.       

Sincerely,

Grover G. Norquist

President

Americans for Tax Reform

 

Photo credit: MoneyBlogNewz      

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House Looks to Stop $500 Million Taxpayer Funded Transfer Overseas

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Posted by Justin Sykes on Thursday, July 7th, 2016, 10:08 AM PERMALINK


The House Appropriations subcommittee on State, Foreign Operations, and Related Programs approved a State Department spending bill this week that would prohibit the use of funds for the U.N. Green Climate Fund (GCF). Such prohibition would stop $500 million in taxpayer dollars from being sent overseas as part of President Obama’s unilateral commitment to fund the GCF. 

As part of the United Nations Framework Convention on Climate Change (UNFCCC) in Paris last year, the GCF fund was created with the goal of transferring funds from wealthy nations to developing nations to further the commits under the agreement. As part of the GCF, President Obama committed to helping raise $100 billion annually in funding, without the consent of Congress, and pledged $3 billion in U.S. taxpayer dollars to the GCF.

The first installment of President Obama’s self-serving, ideological commitment came in March when $500 million was handed out to the GCF. Obama has since requested an additional $500 million as part of the second payment for 2017. Last week, the Senate Appropriations Committee approved an amendment that would allow for the $500 million requested transfer to the GCF. 

Thankfully, lawmakers on the House side realize the perverse nature of President Obama’s commitment to send millions, and eventually billions, in taxpayer’s hard earned dollars overseas at a time when such funds are desperately needed at home. For FY 2016 U.S. public debt totals $22 trillion, and while $3 billion is a relative drop in the bucket, there is no reason those funds should not be used domestically for the benefit of U.S. taxpayers.

 

Photo credit:  Pictures of Money

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fedupMan

But what will our cowed rino's actually DO other than speak words. Can't wait for Trump to take over and crack skulls of lot of govt ppl.

migtex1234

Bet old rino Ryan, will not notice.


Nearly 4,000 EPA Regulations Issued Under President Obama

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Posted by Justin Sykes on Wednesday, July 6th, 2016, 2:25 PM PERMALINK


The House Subcommittee on Energy and Power held a hearing this week to review the Environmental Protection Agency’s (EPA) regulatory activity under the Obama Administration, which highlighted the President and EPA’s blatant disregard for the Constitution and State authority. The hearing also addressed the drastic impact increased regulations have on U.S. energy and the economy as a whole.

Since President Obama assumed office in 2009, the EPA has published over 3,900 rules, averaging almost 500 annually, and amounting to over 33,000 new pages in the Federal Register. The hearing highlighted growing concerns from states and affected entities about the mounting complexity, costs, and legality of EPA rules.

The compliance costs associated with EPA regulations under Obama number in the hundreds of billions and have grown by more than $50 billion in annual costs since Obama took office. Such high costs, especially those related to the energy sector, ripple throughout the economy, impacting GDP, killing thousands of jobs, and increasing the cost of consumer goods.

In his opening statement, Chairman of the Subcommittee Ed Whitfield (R-Ky.) noted that the impact of compliance costs is only part of the issue with EPA regulations. Chairman Whitfield stated the EPA’s “controversial and extreme interpretation” of it’s statutory authority has transformed it’s role to that of “ultimate” regulator. 

Testifying on the Administration and EPA’s overreach of authority, David J. Porter, Chairman of the Railroad Commission of Texas, lambasted the Administration’s disregard for the rule of law, stating:

“The President disregards the Constitutional limits of his office and public opinion to forward his own liberal agenda…[and] in promoting his agenda, he has allowed EPA to become the mouthpiece for ideological propaganda.”

Vice Chairman Pete Olson (R-Texas) echoed the concerns of Chairman Whitfield and Mr. Porter during his questioning of Janet McCabe, Acting Assistant Administrator for the EPA’s Office of Air and Radiation. Rep. Olson argued that the EPA’s drafting of the Clean Power Plan (CPP) amounted to the Agency writing laws, far outside the scope of EPA statutory authority and in clear violation of the Constitution. 

Subcommittee members further pointed out that the EPA is so removed from the rule of law that it has continued to move forward with new rules to implement the CPP, despite the Supreme Court having issued a stay of the rule. Obviously under Obama’s “pen and phone” mentality, EPA bureaucrats feel emboldened to continue enacting major regulations without fear of legal recourse or retribution from Congress or the public.

It is clear from the Subcommittee hearing that President Obama has allowed, and even encouraged, EPA regulators to stretch the legal limits of the U.S. Constitution and the Agency’s statutorily granted authority. The President is obviously indifferent to the regulatory precedent he has set, as well as the impact his economically destructive “legacy” will have on American families, businesses, and the economy.  

 

Photo credit: Billy Hunt

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House EPA-Interior Spending Bill Would Rein in Regulatory Overreach

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Posted by Justin Sykes on Tuesday, July 5th, 2016, 2:48 PM PERMALINK


As lawmakers return this week from the July 4th holiday, they will have only until July 15th to act on a number of bills before heading home for the summer recess. Although the legislative schedule is packed, one of the bills that could potentially see floor time next week is the House Appropriation’s Interior and Environment spending bill for fiscal year 2017.  

The legislation, which was approved by the House Appropriation Committee (31-18) last month, provides funding for the Department of the Interior, the Environmental Protection Agency (EPA), the Forest Services, the Indian Health Service, and other related agencies. Overall, the bill provides $32.1 billion in funding, which is a $64 million reduction from fiscal year 2016 enacted levels and $1 billion below President Obama’s budget request.  

Under the spending bill, the EPA would see a reduction of $164 million from FY 2016 levels, which is $291 million below the amount requested in Obama’s budget request. The Bureau of Land Management (BLM), U.S. Fish and Wildlife Service (FWS), and the Land and Water Conservation Fund would also see funding reductions.

Most importantly, the legislation looks to rein in extensive regulatory overreach. Since taking office President Obama, along with the help of agencies such as the EPA, has enacted and proposed an avalanche of costly energy regulations such as the Clean Power Plan and Ozone Rule that threaten the livelihood of millions of Americans and the economy as a whole. 

The EPA-Interior spending bill would not only reduce EPA regulatory programs by 6 percent, but contains a number of provisions that would rein in costly regulations that increase the price of energy in the U.S., reduce GDP, and threaten millions of American jobs. Such provisions include:

  • A prohibition on the EPA from implementing new GHG regulations for new and existing power plants and the elimination of funding for GHG “New Source Performance Standards”;
  • A prohibition preventing EPA changes to the definition of “navigable waters” under the CWA, essentially blocking the “Waters of the U.S. Rule”;
  • A prohibition on new methane regulations and requirements;
  • Provisions to stop economically harmful changes to the “stream buffer rule”; and
  • A rejection of the President’s proposal to increase inspection fees on energy producers.


Speaking on the legislation, House Appropriations Chairman Hal Rogers stated, “This bill will stop many harmful and unnecessary regulations – by the Environmental Protection Agency and others – that hurt recovering communities and kill jobs.”

The House Rules Committee has now set a Thursday, July 7th deadline for amendments to the EPA-Interior spending bill, so many are optimistic it could see floor time soon. While it will likely receive resistance from President Obama, given the provisions blocking EPA and other agency rules, the bill highlights lawmaker opposition to the increase in bureaucratic regulatory overreach that has grown exponentially under President Obama. 

 

Photo credit: John Griffiths

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ATR Supports H.R. 4474, the Fairness for Agicultural Machinery and Equipment (FAME) Act

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Posted by Bradley Wyatt, Justin Sykes on Tuesday, July 5th, 2016, 10:59 AM PERMALINK


ATR President Grover Norquist today sent a letter to Congressional lawmakers urging support for Representative Ralph Abraham's (R-La.) Fairness for Agricultural Machinery and Equipment (FAME) Act, H.R. 4474. 

The U.S. agricultural industry relies heavily on farm machinery and equipment, however the current depreciation schedule for such equipment is not aligned with the average length of debt service on that same equipment. H.R. 4474 would correct this discrepancy by reinstating and making permanent five-year depreciation for farm equipment, thus aligning depreciation and debt service. Doing so is projected to increase after-tax farm income by $1 billion annually. 

Below is the full text of the letter, which can also be found here  

July 5, 2016

Dear Members of Congress,

Americans for Tax Reform (ATR) urges your support of H.R. 4474, the Fairness for Agricultural Machinery and Equipment Act, otherwise known as the “FAME Act.” Introduced by Representative Ralph Abraham (R-La.), this pro-growth legislation would increase after-tax income for American farmers by reinstating and making permanent five-year depreciation for farm business machinery and equipment.

The U.S. agricultural industry is heavily dependent on farm machinery and equipment, which on average accounts for over eight percent of assets owned by farmers and ranchers. In fact, farm machinery and motor vehicles in use in 2014 were valued at almost $260 billion, according to the USDA.

The USDA also finds that a majority of farmers and ranchers generally finance business equipment and machinery for a period of five years. Currently however the allowed number of years to depreciate such equipment does not align with the average period of debt service, thus depriving those in the industry of potentially higher tax benefits that could otherwise be used toward the financing of related payments. 

H.R. 4474 would correct this discrepancy by aligning depreciation and debt service for farm equipment and machinery with a fiver-year depreciation schedule. It is projected that doing so would increase after-tax farm income around $1 billion annually. With net farm income this year projected to fall by almost half of what it was in recent years, farmers and ranchers need relief wherever possible.

While ATR does support the eventual repeal of depreciation schedules, moving instead to full business expensing, for now H.R. 4474 is a productive step to allow farmers and ranchers to better manage costs and reduce their tax burden.

I urge you to support and vote for H.R. 4474, the Fairness for Agricultural Machinery and Equipment Act.

Sincerely,

Grover G. Norquist

President, Americans for Tax Reform

 

Photo credit: Elliott P.

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Obama’s $3 Billion Dollar Taxpayer Backed Boondoggle

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Posted by Justin Sykes on Thursday, June 30th, 2016, 11:41 AM PERMALINK


In March President Obama dolled out the first installment of his ideologically driven $3 billion pledge to the U.N.’s Green Climate Fund (GCF). The first $500 million handed out is just the start of what will amount to a massive transfer in the coming years of billions in taxpayer funds overseas. This Obama boondoggle has neither the consent of Congress nor the support of most American taxpayers. 

Obama’s billion-dollar pledge came at the end of 2015 as part of the United Nations Framework Convention on Climate Change (UNFCCC) in Paris. The GCF was created as a fund within the UNFCCC framework, and the Obama Administration agreed to help raise $100 billion annually in funding for developing nations. Obama then unilaterally pledged $3 billion in U.S. taxpayer funds to the GCF without the consent of Congress.    

While President Obama is no stranger to circumventing the roll of the legislative branch in order to further his own legacy, his willingness to unilaterally commit billions in taxpayer dollars oversees is a new low. Considering that the FY 2016 U.S. public debt totals $22 trillion, a $500 million handout, and more importantly a $3 billion pledge of U.S. funds, ignores the economic realities the country is facing.

In a recent scathing oped, Senator James Lankford  (R-Okla.) argued that GCF funding could instead have been used to combat the spread of the Zika virus, pointing out that Congress has granted the authority to pull money from bilateral economic assistance to foreign countries to combat infectious diseases.

“Congress refused to allocate funding for the U.N. Climate Change Fund…so the president used this account designated for international infectious diseases to pay for his priority,” Lankford wrote. 

Senator Lankford is not the only lawmaker speaking out against Obama’s actions. A coalition of 37 Senators, led by Senators John Barrasso (R-Wyo.) and James Inhofe (R-Okla.) sent a letter to President Obama last fall disavowing his diversion of funds without Senate approval.    

 

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Samuel Clemmons

They sent a LETTER? Oh no, lightning might strike. Do these legislatures have any cajones?

fedupMan

Nope they have been totally neutered.


Obama Appointed Judge Strikes Down Federal Fracking Rule

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Posted by Justin Sykes on Wednesday, June 22nd, 2016, 12:53 PM PERMALINK


This week a federal judge appointed by President Obama struck down the Bureau of Land Management’s (BLM) 2015 rule for hydraulic fracturing on federal lands. Wyoming District Court Judge Scott Skavdahl, appointed by Obama in 2011, ruled that “Congress has not delegated to the Department of Interior the authority to regulate hydraulic fracturing” and that the rule exceeds the authority of the BLM.

The rule was published in 2015, and focused new regulations and requirements on well construction and wastewater storage, among other things. One of the most onerous provisions was the requirement that companies would be forced to disclose confidential information related to chemicals used in the fracking process. Such a requirement would have been a massive blow to the protection of company trade secrets and have set a dangerous precedent going forward.      

Judge Skavdahl’s opinion however focused primarily on the lack of jurisdiction and authority, ruling that the Department of Interior has not received the delegated authority from Congress to oversee such far-reaching regulations. He further criticized the Interior’s efforts, arguing BLM was acting outside of its statutory authority and contrary to the rule of law.

Skavdahl also took the opportunity to point out issues of executive overreach. “Congress’ inability or unwillingness to pass a law desired by the executive branch does not default authority to the executive branch to act independently,” Skavdahl argued. 

The District Court’s ruling was an embarrassing and sobering blow to President Obama and his signature effort to regulate fracking on public lands, especially at the hands of one of his own appointees. The ruling also comes on the heels of the recent Supreme Court stay that was issued on the President’s Clean Power Plan. Both rulings stand as reminders that President Obama’s repeated executive overreach is no match for basic logic and the rule of law.

While it is likely Interior will appeal this weeks ruling, given Judge Skavdahl’s clear and simple holding on the Department’s lack of statutory authority, President Obama should not count on this onerous and costly rule ever seeing the light of day.

 

Photo credit:   Blake Thornberry

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owen

Political correctness and leftism is just organized anti white hatred.

When are leftist tropes like diversity or mass immigration or so called
anti racism ever demanded of any nonwhite peoples anywhere?

If diversity is such a strength, why are the oh-so-humane left giving this
“gift” to European populations only, when there are so many non white
populations that "need" it much more?

Die versity is code for W G.


Rep. Sanford Looks to Make Flight-Sharing a Reality

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Posted by Justin Sykes on Tuesday, June 21st, 2016, 1:58 PM PERMALINK


Representative Mark Sanford (R-S.C.) this year has been working to make “flight-sharing” in the U.S. a reality. The concept of flight-sharing would allow pilots to share their travel plans so that passengers looking to fly to the same destination would be able to split the costs of the flight. This free-market, pro-consumer concept would add a new layer of travel accessibility to the already booming sharing-economy marketplace, but is currently stalled by and overreaching FAA.  

The concept of flight-sharing is relatively new, and as mentioned would allow private (as opposed to commercial) pilots to share travel plans online so that passengers traveling to the same destination would be allowed to split the costs of the flight with the pilot. Airline ridesharing startups such as Flytenow have developed technology to allow flight-sharing on an online platform that would pair private pilots with other individuals.  

The potential benefits of flight-sharing to consumers and pilots are huge. There are roughly 28,000 commercial flights daily in the U.S., compared to over 50,000 private flights daily. Commercial airlines currently access 560 U.S. airports while private pilots reach over 19,000 airports throughout the country.  

However, under existing federal regulations, private pilots are prohibited from using the internet to post flight routes and as a result effectively prohibited from splitting the cost in sharing a ride. As characteristic of a slow to adapt federal bureaucracy, pilots are allowed to post shared flights on a “3-by-5 card” pinned to the bulletin board of the pilots lounge, but are barred from posting the same information on a virtual bulletin board.

Thus once again you have federal bureaucrats preemptively grounding a potentially market changing and consumer driven innovation before it has had the chance to take off. Thankfully Rep. Sanford understands the potential benefits that flight-sharing could yield for consumers and the economy.

In response, Rep. Sanford authored an amendment to correct this issue, the language of which was incorporated into the AIRR Act during committee consideration. The language of Sandford’s provision would require the FAA to issue or revise regulations to ensure that holders’ of a private pilot’s license can communicate with the public through any medium, such as the internet. As such, flight-sharing startups like Flytenow would be allowed to operate their internet-based platform pursuant to FAA rules.        

In a recent press release, Rep. Sanford touted the benefits of flight-sharing, stating that, “if private pilots can connect with passengers, the end result is more flights available to more airports – and more choices for me and you as consumers.” 

Lawmakers in Congress are currently facing a July 15 deadline to reauthorize funding for the FAA, with the House and Senate both offering competing plans. Regardless of what route lawmakers take, the legislative vehicle should include the flight-sharing provisions Rep. Sanford has put forth.   

As we’ve seen play out with the hard-fought success of other sharing economy technologies, government is often slow to adapt to the fast paced innovation of the free-market, thus depriving Americans of life changing products and services. Rep. Sanford’s efforts to support flight-sharing would resolve such regulatory quagmires by allowing a new and market changing service to benefit consumers and the economy.

 

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John Gleason

Good to hear. Mark is always looking out for us consumers.

CptMarvelous

Sanford would have been president if not for his mistakes in private life.


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