Years of out-of-control spending and poor decision making is catching up with us. This year our nation reached the dubious distinction of being $22 trillion dollars in debt. With every hour that passes, we pile up another $100 million of debt. Interest payments on the debt alone, even with historically low rates, accounted for $325 billion of annual spending in 2018 and are expected to account for over $900 billion by 2028. Within only five years, the federal government will spend more on interest on the debt than defense.
I have pushed for fiscal sanity and a balanced budget since I came to Congress in January. For example, I led a letter in May with 44 other members to Speaker Pelosi requesting she only bring forward spending measures that adhere to the budget caps for FY 2020 and 2021. Speaker Pelosi and her Democratic cohorts didn’t listen.
My team and I haven’t given up fighting for fiscal sanity. We are working on legislation to restructure how Washington budgets, so we can ensure our great nation is prosperous for our children and grandchildren.
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PHILLIPS, ROY INTRODUCE BIPARTISAN FIX TO SMALL BUSINESS LOAN PROGRAM
Washington, D.C. — Reps. Chip Roy (R-TX) and Dean Phillips (D-MN) announced the introduction of the bipartisan H.R. 6886, the Paycheck Protection Flexibility Act, which will make urgently needed changes to the Paycheck Protection Program (PPP), a vital initiative for small businesses struggling in the wake of the coronavirus epidemic.
Rep. Chip Roy:
Rep. Chip Roy released the following statement Friday on his upcoming legislation, the Paycheck Protection Program Flexibility Act:
SBA has included the entire state of Texas in its Economic Injury Disaster Declaration and granted access to its Economic Injury Disaster Loan (EIDL) program, which will provide long-term, low-interest loans to qualifying businesses across the state!
This is exactly what I have been calling for to help our local small businesses in Central Texas bridge the gap. Fantastic news!
Rep. Chip Roy to introduce the “Free Up Capital Now Act”
Congress must support small businesses – the backbone of the American economy – through the government-mandated “social distancing” period. Small businesses are hurting, and the federal government has a duty to support them so that there are jobs waiting for workers when we ultimately defeat coronavirus.
Tonight, I voted against Nancy Pelosi’s Coronavirus bill.
I could not support the bill for several reasons.
First, the legislative process is corrupted. As of 9:51 pm, I was communicating with a group of U.S. Congressmen — none of whom knew which version of the legislation to review — while the Chamber of Commerce issued statements of support. As often happens, K Street had the draft before most members of Congress.
Second, we were given a take-it-or-leave it bill with zero chance to amend it or debate it. None.
Rep. Chip Roy released the following statement Tuesday regarding his bill H.R. 5660, the Highway Formula Fairness Act:
Today, I introduced the Highway Formula Fairness Act to help states secure their full share of funding from the National Highway Trust Fund.
Rep. Chip Roy Statement After Voting on Passage of the Text to Ratify the U.S.-Mexico-Canada Free Trade Agreement:
Rep. Chip Roy released the following statement Tuesday afternoon regarding his votes on H.R. 1158 – Consolidated Appropriations Act, 2020: Defense; Commerce, Justice, Science; Financial Services; and Homeland Security and H.R. 1865 – Further Consolidated Appropriations Act for 2020: Labor, Health and Human Services, and Education; Agriculture; Energy and Water; Interior; Legislative Branch; Military Construction and Veterans Affairs; State and Foreign Operations; and Transportation and Housing:
Rep. Chip Roy released the following statement following voting YES in support of adopting the FY20 National Defense Authorization Act Conference Report, S. 1790.
“Today I cast my vote in support of the FY20 NDAA Conference Report, supporting a 3.1% pay raise for our men and women in uniform. Funding of projects and programs vital to our national security and fixing the long-overdue Widow’s Tax provision to eliminate the needless loss of benefits for those whose spouses have paid the ultimate sacrifice.