The Serrano Report - Volume XIV, Issue #13
In Washington, DC
Serrano Speaks on the House Floor on Republicans' Not Addressing Gun Safety and Zika Virus Before Leaving For Recess
On Thursday last week, Congressman Serrano spoke on the House Floor on Republicans' failure to address important issues like gun safety and the zika virus before leaving for a 7 week summer break.
"When you think of it is a very simple situation: If you can't fly because you're too dangerous to be on a plane that you're a threat to the country, why would you be allowed to buy a gun? And yet, the gun lobby is so strong that our colleagues on the Republican side could not see fit to change that. Secondly, we have another threat in this country that we're not paying attention to. We have a Zika epidemic that is brewing. Started already, its hurting the terrorities, it is going to hurt Florida in a strong way, and it will move north, and then it might be too late when we have so many people sick. Why would they leave town and run away from real issues when they could have stayed here and face the American people by doing the right thing," said Congressman Serrano.
Click HERE for a video of Congressman Serrano's full remarks on the House floor.
Congressman Serrano Joins Orlando Remembrance Ceremony in Congress
On Tuesday, Congressman Serrano joined hundreds of his Democratic colleagues in Congress and staffers to mark the passing of one month since the horrific terrorist attack at Pulse nightclub in Orlando and remember the 49 victims who lost their lives at the deadliest mass shooting in U.S. history.
"Last month, we witnessed the deadliest shooting in U.S. history. These horrific events could have been prevented. In honor of the 49 victims who lost their lives, we must continue to stand against hate and committ to passing gun safety laws to prevent similar tragedies from happening in the future," said Congressman Serrano.
Serrano Introduces Amendment to Diversify Companies that Manage Pension Investments on Behalf of Federal Employees
During last week’s full Appropriations Committee markup of the FY 2017 Labor, Health and Human Services, and Education Appropriations bill, Congressman Serrano introduced an amendment asking for a report from the federal government analyzing its efforts to diversify companies that manage pension investments on behalf of federal employees, understand the benefits that diversification would bring, and require a timeline for implementing efforts at expanding opportunities for small firms.
"Currently, many small minority- and women-owned investment management firms are unable to compete with large firms to secure these contracts. States like New York and Texas have moved aggressively to diversify asset management companies because they tend to yield better returns and minimize risks on investments than their larger counterparts. In New York City alone, the diversity program has been very successful. In 2001, the City allowed diverse companies to manage $1 billion in assets. In 2009, that grew to managing almost $7.5 billion of the City’s $90 billion in assets. We should be looking to states and cities like ours as a model to encourage diversity in all sectors of the federal contracting process. I was able to secure a commitment from the Committee Chairman to continue working on this issue in the future, and that is what I intend to do until we see meaningful progress in leveling the playing field for deserving small minority- and women-owned investment firms," said Congressman Serrano. "I want to thank Assemblyman Michael Blake for working with me on this initial effort, and look forward to continued collaboration in the future."