Rep. Ted Budd Proposes Bill Abolishing Office of Financial Research

| Posted in Press Releases
Tags: Economy

Washington, D.C. -- Today, Rep. Ted Budd (R-NC) and Sen. Ted Cruz (R-TX) reintroduced a bill to abolish the Office of Financial Research. View the text of the bill HERE. Rep. Budd said in a statement: “The Office of Financial Research is a prime example of a redundant and unaccountable federal agency that needs to be abolished. The Office is funded through fees that it levies on financial companie... Read more »

Rep. Ted Budd Announces Opposition to Biden Stimulus Bill

| Posted in Press Releases

Washington, D.C. -- Today, Rep. Ted Budd (R-NC) announced his opposition to the $1.9 trillion Biden stimulus bill during a speech on the House floor. Video of the speech is HERE. The speech text is below (as prepared for delivery): Over the past year, the government appropriated over $4 trillion in COVID relief. Now, we’re standing here this week debating whether or not to add another $2 trillion ... Read more »

Rep. Ted Budd Introduces Fair & Open Competition Act

| Posted in Press Releases
Tags: Economy

Washington, D.C. -- Today, Rep. Ted Budd (R-NC) introduced the Fair and Open Competition Act along with Sen. Todd Young (R-IN), Rep. John Moolenaar (R-MI), and 36 other House members. The bill would ensure that the federal government and recipients of federal assistance cannot mandate project labor agreements on federal projects, thereby increasing competition and lowering construction costs for t... Read more »

Rep. Ted Budd Proposes Liability Shield for Small Businesses

| Posted in Press Releases

Washington, D.C. -- Today, Rep. Ted Budd (R-NC) introduced the Protecting Reopening Businesses Recovering from COVID-19 Act. The bill would help protect businesses and certain medical facilities as they conduct operations by providing a legal liability shield from frivolous lawsuits. Rep. Budd said in a statement: “Congress should be doing everything in our power to make sure that small businesses... Read more »

Rep. Ted Budd Introduces Bipartisan Legislation to Stop Frivolous Lawsuits

| Posted in Press Releases
Tags: Economy

Washington, D.C. -- Today Reps. Ted Budd (R-NC), Richard Hudson (R-NC), and Lou Correa (D-CA) introduced the Online Accessibility Act. The bill provides guidance to help businesses make their websites compliant with the Americans with Disabilities Act (ADA), which would increase website accessibility for the disabled and reduce the amount of predatory lawsuits filed against businesses every day. R... Read more »

Congress Should Pull Federal Funds From Cities That Shut Down Restaurants

| Posted in Opinion Pieces

Op-ed at The Federalist from Rep. Budd https://thefederalist.com/2021/01/29/congress-should-pull-federal-funds-from-cities-that-shut-down-restaurants/ Let’s start with a simple truth: restaurants are not driving the spread of COVID-19. In New York, restaurants accounted for less than 2 percent of infections, in Los Angeles less than 4 percent and in Minnesota, less than 1 percent. Despite these fa... Read more »

Rep. Ted Budd Introduces Bill to Help Companies Attract Investors

| Posted in Press Releases
Tags: Economy

Washington, D.C. -- Rep. Ted Budd (R-NC) re-introduced the Encouraging Public Offerings Act. Rep. Budd previously introduced the legislation in 2017 and 2020. The bill previously passed the House overwhelmingly on November 1, 2017 by a vote of 419-0. The legislation encourages capital formation by making initial public offerings more attractive for companies. Rep. Budd said in a statement: “Fundam... Read more »

Rep. Ted Budd Introduces 'Save Our Servers' Act

| Posted in Press Releases

Washington, D.C. -- Today, Rep. Ted Budd introduced the Save Our Servers Act. The bill withholds certain federal funds from states and localities who shut down indoor or outdoor dining at restaurants. These jurisdictions can only have the federal funds restored when they rescind all shutdown orders. Rep. Budd released the following statement: “Given the fact that dining at restaurants accounts for... Read more »

Rep. Ted Budd Leads Push to Help Small Businesses

| Posted in Press Releases

Washington, D.C. -- Rep. Ted Budd (NC-13) joined over 170 of his colleagues to send a letter to top House leaders, asking them to take practical steps to ease the financial burden on small businesses during the pandemic. The letter pushes House leaders to consider the Small Business Expense Protection Act, which Rep. Budd sponsored, that will allow recipients of PPP loans to deduct those expenses ... Read more »

Rep. Ted Budd Secures $543,000 Federal Grant for Salisbury

| Posted in Press Releases
Tags: Economy

Salisbury, N.C. -- Today, Rep. Ted Budd announced that the City of Salisbury received $543,185 in funds from the National Park Service’s (NPS) Paul Bruhn Historic Revitalization Grants Program. Rep. Budd sent a letter of support to the NPS to secure the funds. The funds will be used to rehabilitate up to ten projects in the City’s Historic District. The city estimates that this grant funding would... Read more »

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