Bob Rapoza, Rapoza Associates -...

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Bob Rapoza, Rapoza Associates

Transcript of Bob Rapoza, Rapoza Associates -...

Bob Rapoza, Rapoza Associates

U.S. SenateDemocrats Republicans

*Includes Independents Bernie Sanders (VT) and Angus King (ME) who caucus with Democrats 2

55 4546 54

113th Congress114th Congress

New Senate Leadership - GOP• Mitch McConnell (R-KY),

Majority Leader

• Jon Cornyn (R-TX), Majority Whip

• John Thune (R-SD), Republican Conference Chair

• Roy Blunt (R-MO), Republican Conference Vice-Chair

• John Barrasso (R-WY), Republican Policy Committee Chair

New Senate Leadership - Dems• Harry Reid (D-NV), Minority

Leader & Democratic Conference Committee Chair

• Richard Durbin (D-IL), Minority Whip

• Charles Schumer (D-NY), Democratic Policy Committee Chair

• Patty Murray (D-WA), Democratic Conference Secretary

U.S. House of Representatives

Republicans picked up 13 seats

5

Democrats, 189

Republicans, 247

House of Representatives, 114th Congress

House GOP LeadershipSpeaker of the HouseRep. John Boehner

House Democratic Leadership

Committee Changes,114th Congress

Senate Appropriations Committee

Thad Cochran (R-MS), Chairman Barbara Mikulski (D-MD), Ranking Member

Richard Shelby (R-AL), Ranking MemberBarbara Mikulski (D-MD), Chair

Senate Financial Services and General Government Subcommittee, Appropriations

John Boozman (R-AR), Chairman Chris Coons (D-DE), Ranking Member

Mike Johans (R-NE), Ranking MemberTom Udall (D-NM), Chairman

House Appropriations Committee

Hal Rogers (R-KY), Chairman Nita Lowey (D-NY), Ranking Member

House Financial Services and General Government Subcommittee, Appropriations

Ander Crenshaw (R-FL), Chairman José Serrano (D-NY), Ranking Member

Dotted line is the ideology of the average House Republican

House Approps Subcommittee ChairsM

ore

co

nse

rvat

ive

Robert Aderholt, 74.3%

Ander Crenshaw, 66.7%

Charles Dent, 61.8%

John Culberson, 74.5%

Mario Diaz-Balart, 54.7%

Rodney Frelinghuysen, 52.0%

John Carter, 71.5%

Kay Granger, 72.8%

Ken Calvert, 62.1%

Mike Simpson, 61.0%

Tom Cole, 54.8%

Tom Graves, 83.3%

40.0%

45.0%

50.0%

55.0%

60.0%

65.0%

70.0%

75.0%

80.0%

85.0%

90.0%

95.0%

100.0% National Journal Ideological Rating (2013)

Appropriations Subcommittee Chairs, 114th Congress

Chairman of Appropriations,

Hal Rogers, 63.0%

House Budget Committee

Tom Price (R-GA) replaces Paul Ryan (R-WI)

Chris Van Hollen (D-MD), Ranking Member

Senate Budget CommitteeMike Enzi (R-WY) replaces Patty Murray (D-WA) as Chair

Patty Murray (D-WA) replaces Jeff Sessions (R-AL) as Ranking Member

Senate Banking, Housing, and Urban Affairs Committee

Richard Shelby (R-AL), Chairman Sherrod Brown (D-OH), Ranking Member

Tim Johnson (D-SD), Chairman Mike Crapo (R-ID), Ranking Member

House Financial Services Committee

Jeb Hensarling (R-TX), Chairman Maxine Waters (D-CA), Ranking Member

Senate Finance Committee

Leaving: Possible New Members

Rockefeller (D-WV)Heller (R-NV) Coats (R-IN)

New Members

Ron Wyden (D-OR), former

Chairman, Now Ranking

Member

Orrin Hatch (R-UT) takes over Committee

Scott (R-SC)

Decline in Community Development Spending As a Share of GDP

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

1.80%

1978 1983 1988 1993 1998 2003 2008 2013 2018estimate

Impact of the Sequester

FY 2016 AppropriationsBudget Control Act vs President’s Budget

.

Defense

Programs

Non-Defense

Discretionary

BCA $523 $493

Obama Budget $561 $530

($ in Billion)

CDFI Fund Appropriations: A Happier Story

0

50

100

150

200

250

300

FY2007 FY2008 FY2009* FY2010 FY2011 FY2012 FY2013 FY2014 FY2015

CDFI Fund Appropriations (Millions Dollars $)

CDFI Appropriations Request

FY 11 FY 12 FY 13 FY 14 FY 15

FY 16

Budget

Request

FY 16

CDFI Coalition

Request

CDFI Fund Appropriation $227 $221 $221 $226 $230.5 $233.5 $233.5

- CDFI Program (FA/TA)(Healthy Foods)

175

(25)

168

(22)

168

(22)

167.5

(22)

174.4

(22)

192.6

(35)

174.6

- Native Initiatives 12 12 12 15 15 16 16

- Bank Enterprise Award 22 18 18 18 18 0 18

- Admin Expenses 18 23 23 24.6 23.1 24.9 24.9

CDFI Bond Program n/a n/a 500 750 750 1000 1000

Chart in millions of dollars

New Markets Tax Credit

• Expired in 2014

• 2014 awards ($3.5 billion) to be announced in May or June

• House extension bill: H.R. 855 (Tiberi/Neal/Reed)

• Senate extension bill: S. 591 (Blunt/Schumer)