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THREAD—As the Chairman-designate of the Financial Services Subcommittee on @AppropsDems, I’ve seen how the #TrumpShutdown is creating chaos in our communities & economy.
That’s why I introduced legislation to reopen key agencies & alleviate the impacts on families & businesses.
Because of the #TrumpShutdown, some of the most important activities funded in the Financial Services and General Government bill have ground to a halt. In addition to tax return processing, the shutdown has also led to other serious impacts...
IRS Customer Service Halted: All taxpayer customer service, including walk-in taxpayer assistance centers, which together serve approximately 2.5 million citizens monthly, is unavailable during the #TrumpShutdown.
Support for Small Businesses Stopped: During the #TrumpShutdown, @SBAgov has completely halted its role in the federal contracting process, interfering with projects government wide, and has stopped approving loan assistance.
Securities Industry Regulator Closed: Nearly all SEC employees are furloughed, limiting the agency’s activities to process and approve filings. A prolonged #TrumpShutdown will require companies to delay mergers, IPOs, and other actions, hindering economic activity.
Consumer Protection Watchdog Shuttered: Most services provided by the FTC are suspended under #TrumpShutdown, including the National Do Not Call Registry, consumer complaint systems & identity theft reporting—as well as law enforcement access to FTC’s consumer complaints.
My bill—which is virtually identical to the Senate-passed legislation—rejects cuts to @SBAgov, blocks Trump from doling out lavish raises to the VP, & includes back pay for federal employees furloughed during #TrumpShutdown. Learn more via @AppropsDems:http://bit.ly/2Qxl3s0
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