Economy and Jobs
Congressman Serrano believes that more must be done to help those who have the least in our nation. He believes that we must do more to create good jobs that provide a living wage for residents of the Bronx. While the Bronx has come a long way, there is much more that must be done at the local, state, and federal level to help the local Bronx economy. As the economy continues its recovery from the recent recession, Congressman Serrano is working to ensure that all sectors of society benefit from that process.
Expanding Financial Resources and Investment in the Bronx
As chair of the Financial Services and General Government Appropriations subcommittee, Congressman Serrano more than quadrupled funding for the Community Development Financial Institutions (CDFI) fund. This fund helps provide economic development and financial services to underserved populations. In the 112th Congress, he has fought to prevent Republicans from enforcing crippling cuts on this important economic development program.
As Chairman, Congressman Serrano also provided increased funding for several Small Business Administration programs that provide assistance to small business-owners in low-income areas. Among other things, he designated additional funding for PRIME, a program that provides technical assistance to low-income small business owners. In addition, he increased funding for Small Business Development Centers, which are located throughout the United States and provide counseling, training, and technical assistance to small businesses.
Over the years, Congressman Serrano has also obtained significant federal support, through earmarks, for numerous community groups in the Bronx to provide job training and career counseling for individuals in search of jobs.
Helping American Families
Congressman Serrano believes that the federal government has an important role to play in helping families to make ends meet.
In order to help individuals who have suffered as a result of the economic downturn, Congressman Serrano has been supportive of efforts to extend and enhance unemployment benefits for those who are looking for work. In addition, he supported important tax incentives in the American Recovery and Reinvestment Act that expand opportunities for working families. These include: strengthening of the child tax credit, which provides families with tax credits for children, the Making Work Pay Tax Credit, which has provided immediate tax relief by lowering taxes withheld in each paycheck, and the American Opportunity Tax Credit, which expands tax credits that individuals can claim for post-secondary education expenses.
As chair of the Financial Services and General Government Appropriations Subcommittee, Congressman Serrano helped to create the Volunteer Income Tax Assistance grant program, which helps non-profits to provide free tax assistance services to low- and moderate-income individuals. These programs help taxpayers to file their taxes and claim important tax credits- like the Earned Income Tax Credit (EITC). He has also worked with the IRS to increase awareness of the EITC through outreach in the Bronx.
Congressman Serrano continues to support efforts to maintain affordable housing options in the Bronx, and provided federal funding to help construct the first affordable housing facility in the nation for grandparents raising their grandchildren.
More on Economy and Jobs
Thank you, Chairman Culberson, and I would like to join you in welcoming the NASA Acting Administrator, Mr. Robert Lightfoot, to the subcommittee. I was saddened to learn of your impending departure from the agency, and I just wanted to take a moment to thank you for your dedication and service to our nation.
Congressman Serrano Helps Secure Important Funding Increases in Final FY2018 CJS Omnibus Bill
Washington, DC – Congressman José E. Serrano, Ranking Member of the House Appropriations Commerce, Justice, and Science Subcommittee, released the following statement on the FY2018 omnibus bill released today. Serrano, who was instrumental in shaping the CJS portion of the legislation, successfully fought to increase funding for the U.S. Census Bureau, the elimination of a number of riders that would have undermined gun safety, and an increase in funding for programs to help combat the opioid crisis nationwide.
In Washington, DC
Congressman Serrano Introduces Hardest Hit Act with Rep. Clarke and Rep. Meeks to Address Public Housing Crisis
Congressman Serrano, Representatives Yvette D. Clarke (NY-09) and Gregory W. Meeks (NY-05), introduced legislation to provide public housing, foreclosure mitigation, and rental assistance grants through the United States Housing and Urban Development agency (HUD) with supplemental funding for state public housing authorities to ensure Americans have access to affordable housing.
Community Disaster Loan Process Has Already been Delayed for More than Four Months
Washington, DC – U.S. Congressman José E. Serrano released the following statement expressing serious concerns of Mayor’s de Blasio’s decision to build one of the four jails that would replace Rikers in the South Bronx:
Washington, DC – Congressman José E. Serrano, a senior member of the House Appropriations Committee and Ranking Member of the Commerce, Justice, and Science (CJS) Subcommittee, today released the following statement in response to President Trump’s budget blueprint for Fiscal Year 2019 (FY2019):
In Washington, DC
Congressman Serrano Votes Against Short Term Continuing Resolution
Congressman Serrano opposed the numerous short term Continuing Resolutionsthat did not include sufficient disaster relief funding for Puerto Rico and the U.S. Virgin Islands or the DREAM Act. Watch Congressman Serrano’s discussion of the shut down and the CR here:
Washington, DC – US Congressman José E. Serrano, longtime member and former Ranking Member of the House Appropriations Financial Services Subcommittee today blasted reports that the Trump Administration will undermine longtime rules regarding the Community Reinvestment Act, which helps prevent financial institutions from discriminating against residents in minority, poor communities through ‘redlining’, and old practice through which banks and other institutions would refuse to lend money in specific neighborhoods, regardless of an individual’s financial status and credit score.
Washington, DC – Congressman Serrano, Ranking Member of the House Commerce, Justice and Science Appropriations Subcommittee, and Congresswoman Grace Meng, a member of the subcommittee, which has jurisdiction over the Census Bureau and the Department of Justice, today released the following statement in response to reports that the Department of Justice has proposed including a new question in the next Census asking household members’ citizenship status.