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Economy and Fiscal Responsibility

Rep. Phillips Responds To President Trumps Rejection Of Oversight Language In Coronavirus Stimulus

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Just hours after signing a historic $2.2 trillion stimulus package, President Trump announced that he would attempt to reject certain elements the bill, including provisions introduced by Rep. Dean Phillips (MN-03) mandating oversight over the spending, including a five-person Congressional Oversight Commission for the $500 billion Treasury Department fund. “This is the most…

Phillips Applauds Passage Of CARES Act Stimulus Package

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 Today, Congressman Dean Phillips applauded House passage of the $2.2 trillion CARES Act, which was subsequently signed into law by the President hours later. Phillips flew to Washington to ensure his presence in the event of a recorded vote, but the bill was ultimately voice voted for quick passage. The Senate passed the bill late Wednesday on a 96-0 recorded vote. The…

Phillips Introduces Bill to Establish COVID-19 Oversight Panel

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Today, Rep. Dean Phillips introduce the COVID-19 C.O.P. Act to create a Congressional panel to provide oversight over the massive spending of taxpayer money in response to the COVID-19 pandemic and related economic fallout. The five-member panel would review data around spending, conduct hearings, and provide regular reports to Congress.  The bill would also authorize the Special…

Dean Phillips Sends Letter Requesting Contingency Plans for Coronavirus

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Congressman Dean Phillips sent a letter today to the heads of the Centers for Disease Control and Prevention (CDC) and the Federal Aviation Administration (FAA) requesting information about contingency plans for air travel restrictions related to the recent coronavirus outbreak in Wuhan, China. “I write with concern over the coronavirus and the five recently confirmed and…

House Passes Phillips Bill to Increase Oversight of Banking Regulators

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This week, the House of Representatives passed the bipartisan Prudential Regulator Oversight Act (H.R. 4841), authored by Rep. Dean Phillips (MN-03). The legislation requires federal prudential banking regulators to provide annual testimony to the House Financial Services Committee, along with semiannual reports on their supervisory and regulatory activities. Reps. Barry Loudermilk…

Phillips Leads on Repealing the Medical Device Tax for Minnesota Innovators

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Rep. Dean Phillips (MN-03) announced today that he successfully pushed for a permanent repeal of the medical device tax to be included in Congress’s end-of-year funding deal, which passed the House today. Minnesota is the birthplace and epicenter of the medical device industry, which leaves Minnesota medical device companies paying 25% of the total national medical device tax…

Phillips Leads the Push for State and Local Tax Deduction Cap Repeal

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Late yesterday, the House Ways and Means Committee took action to repeal a 2017 cap on state and local tax (SALT) deductions after hearing from Rep. Dean Phillips about the cap’s harmful impact on Minnesota’s Third Congressional District. The committee passed the Restoring Tax Fairness for States and Localities Act in a bipartisan 24-17 vote. Phillips is an original co-sponsor…

Phillips Touts Support for Strong, Bipartisan USMCA Trade Deal

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At a press conference today, Rep. Dean Phillips (MN-03) stood with House leaders to announce a strong and enforceable USMCA trade deal that will improve the American economy, safeguard workers’ rights, protect the environment, and improve access to affordable prescription drugs. “I’m on a mission to restore Americans’ faith in our government, and the USMCA deal we…

Phillips Bill To Increase Oversight Of Banking Regulators Passes Unanimously Out Of Committee

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 – Last week, the House Financial Services Committee unanimously passed The Prudential Regulator Oversight Act (H.R. 4841), authored by Rep. Dean Phillips (MN-03), in a 55-0 vote. The bipartisan legislation requires federal prudential banking regulators to provide annual testimony to the House Financial Services Committee, along with semiannual reports on their supervisory and…

Rep. Phillips Co-Sponsors Bipartisan Bill to Repeal the Medical Device Tax

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Today, Rep. Dean Phillips (MN-03) announced that he is an original co-sponsor of the bipartisan Protect Medical Innovation Act, which was introduced in the House today. The bill would permanently repeal the medical device tax. Minnesota’s Third District has more medical technology companies than any other Congressional District in Minnesota. “The medical device tax has…