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Economy and Fiscal Responsibility

Business Insider: Several lawmakers want to ban themselves from trading stocks, calling the appearance of self-dealing 'pretty dangerous to democracy'

| Posted in In the News

In the wake of House Speaker Nancy Pelosi's rejection of a ban on lawmakers and their spouses from trading stocks, momentum is building for proposals to ban the practice. "We are a free-market economy. They should be able to participate in that," Pelosi said when asked by Insider about the idea at a December press conference. With increased scrutiny of Pelosi's husband's frequent stock trades, a ...

Phillips Leads Bipartisan Effort Urging Action on Targeted Small Business Relief

| Posted in Press Releases

Washington, D.C. — This week, Representatives Dean Phillips (D-MN), Earl Blumenauer (D-OR), and Brian Fitzpatrick (R-PA) are leading a bipartisan effort to urge House and Senate leadership calling for additional targeted small business relief. Industries which rely on in-person services have been disproportionately impacted by the pandemic, and many in these industries have been left out of previo...

Business Insider: Avoiding financial conflicts in Congress takes work. These lawmakers put in the extra effort — and wish more colleagues would, too.

| Posted in In the News

Though several investment scandals have rocked the US Capitol, few lawmakers aggressively seek to ward off any specter of insider trading by handing their finances over to impartial money managers. Only 10 sitting members of Congress — nine Democrats and one Republican — have reported using what's known as a qualified blind trust, a formal arrangement, requiring congressional approval, in which a ...

Phillips Helps Pass Build Back Better Act

| Posted in Press Releases

“Just as Social Security improved the lives of retired Americans, Build Back Better will improve the lives and lower costs for American kids and families,” Phillips said. “And WE will become a better prepared, more self-sufficient, and more competitive nation for generations to come.” Independent reports, such as the one provided by the non-partisan Moody’s analytics, have concluded that the BBB a...

Rep. Phillips helps pass historic infrastructure package

| Posted in Press Releases

– Today, Rep. Dean Phillips (D-MN) voted to pass a bipartisan infrastructure deal, an historic investment in the nation’s roads, bridges and overall economy. The core infrastructure plan is based on a framework agreed to by the bipartisan Problem Solvers Caucus – where Phillips serves as Vice Chair – earlier this year. Phillips and other Problem Solvers Caucus leaders met with Sen. Joe Manchin, R...

Associated Press: Phillips calls hearing as supply chain problems cripple US businesses, inflation spikes amid ‘dire’ worker shortage

| Posted in In the News

MINNEAPOLIS (AP/WNCN/CBS Newspath) — Supply chain woes are crippling businesses both large and small. Earlier this week a panel on Capitol Hill heard the concerns of some business leaders including two Minnesota companies. Businesses described a whole slate of problems from worker shortages, increasing costs for shipping and supplies and skyrocketing demand that’s putting pressure on the transport...

Phillips surveys the impact of global supply chain issues on small businesses

| Posted in Press Releases

–Today, Subcommittee on Oversight, Investigations, and Regulations Chairman Dean Phillips (D-MN) held a hearing examining the impact of global supply chain issues on American small businesses. The hearing occurred in the wake of product shortages and shipping delays around the world that have affected the day-to-day operations of small firms. “The complexities of the global supply chain are often...

Phillips Statement Ahead of House Budget and Infrastructure Votes

| Posted in Press Releases

Rep. Dean Phillips (MN-03) released the following statement today: "As a small business owner and Chairman of the House Small Business Subcommittee on Oversight and Investigations, I’ve spent the past two weeks on the ground in Minnesota meeting with and listening to small business owners struggling to stay afloat. This is especially true for the restaurant, live events, hospitality, and fitness ...

Phillips Explores the Impact of Climate Change on Small Businesses

| Posted in Press Releases

Today, Rep. Dean Phillips (D-MN), Chairman of the Subcommittee on Oversight, Investigations, and Regulations, held a hearing examining the role of the Small Business Administration (SBA) and small firms in fighting climate change. In 2021, historic floods, record temperatures, and blazing wildfires have wreaked havoc on communities, posing a significant threat to small businesses nationwide. “Inve...