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Financial Services

Graves Tells IRS To Stop Snooping in Bank Accounts

| Posted in Press Releases

U.S. Congressman Garret Graves (South Louisiana) joined colleagues in working to stop the Internal Revenue Service (IRS) from snooping on Americans' finances while infringing on our constitutional rights. Recently, the Biden Administration issued a proposal requiring banks, credit unions and other financial institutions to share with the IRS information on any account that had…

Graves: We Need a Long-Term Plan for the National Flood Insurance Program, Not Just An Extension

| Posted in Press Releases

U.S. Congressman Garret Graves (South Louisiana) released the following statement after voting yes on the U.S. House bill that ties hurricane recovery funding and the reauthorization of the National Flood Insurance Program (NFIP) to stopgap emergency government funding (CR). Unfortunately, the CR does not include a delay of Risk Rating 2.0. "As Louisianians struggle to put their lives and…

Graves Condemns TD Banks Expansion in the United States, Supports Legal Action Against Bank Related to Stanford Ponzi Scheme

| Posted in Press Releases

U.S. Congressman Garret Graves (South Louisiana) released the following statement after the Stanford Ponzi Scheme trial reached closing statements."Prior to the 2016 Flood, the Stanford Ponzi Scheme was one of the biggest disasters to hit South Louisiana. Stanford wrecked the lives of thousands of Louisianians whose life savings and pensions were destroyed by Stanford's greed. And make no…

Graves Provisions Put Louisianas Fingerprint on House-Passed Spending Package

| Posted in Press Releases

The U.S. House of Representatives approved a number of Louisiana-centric priorities advanced by Congressman Garret Graves (South Louisiana) and included in the six-bill appropriations package the House passed today to fund the Department of Defense, Commerce-Justice-Science, Energy and Water, Financial Services, Labor-HHS-Education, and Transportation-HUD. Graves successfully influenced…

FEMA postpones flood insurance rate revamp amid backlash

| Posted in In the News

FEMA is delaying a sweeping overhaul of flood insurance rates by one year, after the planned changes sparked concerns in Congress about premium hikes. The agency said its Risk Rating 2.0 initiative will be implemented on Oct. 1, 2021, rather than Oct. 1, 2020 — a move that takes off the table a potential spike in rates for homeowners in the run-up to next November's…

Graves Announces $8.6 Million in Federal Funding to Fight Crime, Support Louisiana Law Enforcement

| Posted in Press Releases

Today, Congressman Garret Graves (South Louisiana) announced that more federal funding is headed to Louisiana to support law enforcement and improve public safety in the Capital Region and statewide. More than $8.6 million in U.S. Department of Justice grants will be deployed to enhance Louisiana's crime-fighting capabilities and provide resources to support law enforcement's efforts to…

Federal guidance on additional flood relief funds could come by the end of April, Rep. Garret Graves says

| Posted in In the News

Federal guidance on the distribution of additional relief funds for victims of the 2016 floods and other natural disasters may final come to fruition, Congressman Graves told The News in a phone conversation Friday night. The long-awaited issuance of guidance for approximately $250 million could come by the end of April, the Republican congressman from District 6 said. "It could be…

SOCIAL INSECURITY: Rules meant to prevent double dipping eat away at retirement benefits for some residents

| Posted in In the News

BATON ROUGE, LA (WAFB) - Rules introduced in the Social Security Amendments of 1983 were intended to do some good by preventing those who collect a government salary from double dipping by getting the same advantages in Social Security payment calculations as private workers. However, two of those rules are catching federal, state, and parish workers…

The Week in Review

| Posted in Articles

Below is a snapshot of some of the recent legislation Congressman Graves has been working on in the US House of Representatives. If you have questions or comments regarding these or other legislative issues, contact our office today. Last Week Revisited – On the Floor On Wednesday, the House passed 21st Century Cures, by a vote of 392-26. The bill encompasses $4.8 billion in…

GRAVES AMENDMENT: No Bailout for Puerto Rico

| Posted in Press Releases

An amendment by Congressman Garret Graves (R-LA) banning the use of taxpayer dollars to pay down Puerto Rico's debt passed today as the House Natural Resources Committee advanced legislation (H.R. 5278) to address the territory's financial crisis ahead of a potential default on July 1."Diverting Louisiana tax dollars to bailout Puerto Rico’s financial mismanagement is…