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  • Budd Statement On Passage of Financial Choice Act
    Posted in Press Releases on June 8, 2017 | Preview rr
    Tags: Congress

    Representative Ted Budd (R-NC) released the following statement in regards to the passage of the Financial CHOICE Act: “The more complicated the system, the more likely it is to break down. Dodd-Frank is nothing if not complex, adding 400 new rules and 2,300 pages of new regulations onto the financial system. The Financial Choice Act replaces this complexity and weakness with simplicity and strength. Under Choice, banks that, in essence, keep significant cash on hand as a shock absorber against ... Read more

  • Budd, Hensarling, Luetkemeyer Make the Case Against the Durbin Price Control
    Posted in Press Releases on June 8, 2017 | Preview rr
    Tags: Congress

    Representative Ted Budd (R-NC) was joined by Chairman of the House Financial Services Committee, Jeb Hensarling (R-TX), and the Chairman of the Subcommittee on Financial Institutions and Consumer Credit, Blaine Luetkemeyer (R-MO), for a colloquy on the damages that the Durbin Amendment has wreaked on the welfare of low-income consumers and the American financial system at large. During the colloquy, Rep. Budd made the following remarks: I draw a distinction between political costs and real cost... Read more

  • Budd, Walker defend ATM maker against foreign competitor
    Posted in In the News on June 5, 2017 | Preview rr
    Tags: Congress

    U.S. Reps. Ted Budd and Mark Walker joined two other North Carolina congressmen this week in prodding trade officials to rule in favor of an ATM manufacturer with a local workforce of more than 200. The two Republican congressmen, who each represent parts of Guilford County, partnered on a letter they sent Monday to the U.S. International Trade Commission urging it to side with Diebold Nixdorf in the Ohio-based company’s patent dispute with a Korean competitor. The manufacturer that has a plant ... Read more

  • NC Lawmakers Urge ITC to Uphold the Public Interest and North Carolina Manufacturing Jobs
    Posted in Press Releases on June 1, 2017 | Preview rr
    Tags: Congress

    Washington, D.C., Representative Ted Budd (NC-13) and three other lawmakers sent a letter urging the Chairman of the Internal Trade Commission (ITC) to consider the North Carolina manufacturing jobs at stake before making a ruling in a patent infringement dispute between Diebold-Nixdorf, an American manufacturer of Automated Teller Machines (ATMs), and Hyosung, a Korean ATM maker. Rep. Ted Budd (NC-13) and Chairman Mark Walker (NC-6) released the following statement after sending the letter to t... Read more

  • Budd Applauds Oversight Committee’s Decision to Order Air Force to Turn Over Documents in Kenya Deal
    Posted in Press Releases on May 23, 2017 | Preview rr
    Tags: Congress

    Rep. Ted Budd (R-NC), whose efforts at oversight of the recent Kenya Foreign Military Sale have been stonewalled by the Air Force, released the following statement in the wake of the House Oversight and Government Reform Committee’s decision to require the Air Force to turn over vital documents in the Kenya Foreign Military Sale: “The fundamentals of this case remain the same. A secretive acquisition unit of the Air Force, known as Big Safari, continues to purchase light attack aircraft from a ... Read more

  • A Vote To Keep Durbin Amendment Violates Core Free-Market Principles
    Posted in Press Releases on May 18, 2017 | Preview rr
    Tags: Congress, Economy

    Representative Ted Budd (R-NC) spoke on the House floor on the importance of preserving the Durbin Amendment repeal in the Financial Choice Act. Two weeks ago, the Financial Choice Act passed the House Financial Services Committee with a full repeal of the Durbin Amendment included. Pro-price control groups are fighting to strip the provision through a procedural technique in the House Rules Committee, a closed-door process that, if successful, will not allow Congress to sidestep a public debat... Read more

  • A Vote To Keep Durbin Amendment Violates Core Free-Market Principles
    Posted in Press Releases on May 18, 2017 | Preview rr
    Tags: Congress

    Representative Ted Budd (R-NC) spoke on the House floor on the importance of preserving the Durbin Amendment repeal in the Financial Choice Act. Two weeks ago, the Financial Choice Act passed the House Financial Services Committee with a full repeal of the Durbin Amendment included. Pro-price control groups are fighting to strip the provision through a procedural technique in the House Rules Committee, a closed-door process that, if successful, will not allow Congress to sidestep a public debat... Read more

  • Budd Congratulates Congressional Art Competition Winner
    Posted in Press Releases on May 15, 2017 | Preview rr
    Tags: Congress

    U.S. Representative Ted Budd (R-NC) announced Sabrina Schwartzberg as the 2017 Congressional Art Competition first place winner. Ms. Schwartzberg, a senior from the American Hebrew Academy in Greensboro, will have her photo displayed in the U.S. Capitol in Washington, D.C. “I am happy to announce Sabrina Schwartzberg as the Congressional Art Competition winner from North Carolina’s thirteenth district,” said Representative Budd. "We had many great submissions and we are very thankful to everyone... Read more

  • Budd To Support American Health Care Act
    Posted in Press Releases on May 4, 2017 | Preview rr
    Tags: Congress, Health

    Representative Ted Budd (R-NC) released the following statement on the American Health Care Act: “If history is any guide I’ll take around 2,000 votes this Congress. Most of them will be forgotten. This is not one of those votes. This vote marks the beginning of the end of Obamacare as we know it. The failure of that law can be seen in the double-digit premium increases and monopoly situation in the individual insurance market in our state. Ultimately, the legislative process is a human process... Read more

  • Budd Applauds Financial Services Committee Passage of Financial Choice Act of 2017
    Posted in Press Releases on May 4, 2017 | Preview rr
    Tags: Congress

    Rep. Ted Budd (R-NC), a member of the House Financial Services Committee, released the following statement regarding committee passage of the Financial Choice Act: “This bill is about two things: strengthening the financial system through, simple, strong regulation so that economic bumps in the road do not become crises, and ensuring that if banks do get into trouble, they’re put into the bankruptcy system instead of getting bailed out. I’m also pleased with the fact that a full repeal of the Du... Read more

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