What: All Issues : Aid to Less Advantaged People, at Home & Abroad : America's Poor : H.R. 27. Jobs/Vote on Amendment to Allow Use of "Personal Reemployment Accounts" to Obtain Capital Needed to Start a Small Business (2005 house Roll Call 45)
 Who: All Members : New York, District 2 : King, Pete
[POW!]
 
H.R. 27. Jobs/Vote on Amendment to Allow Use of "Personal Reemployment Accounts" to Obtain Capital Needed to Start a Small Business
house Roll Call 45     Mar 02, 2005
Member's Vote
(progressive
or not)
Progressive Position
Progressive Result
(win or loss)

In this vote, the House defeated an amendment offered by Nydia Velazquez (D-NY) to permit the use of certain funds under the Workforce Investment Act to obtain the capital necessary to start a small business. (The Workforce Investment Act is a law is a law passed in 1998 to create federal programs to provide veterans, migrant workers, youths and others with the skills they need to find jobs.) H.R. 27 would establish Personal Reemployment Accounts to provide up to $3,000 to individuals looking for work; workers could choose to use these funds for job-training, child care, or other related expenses. On behalf of Progressives, Velazquez decried the Bush Administration's running of the small-business-loan program, noting that in recent years, the program has had its funding slashed and fees hiked. She stated that "[a] vote for this amendment is a vote against the Bush administration's policy raising the fees on [small business] loans," and "[i]t is a vote for our Nation's up-and-coming small business owners," because it would provide them with the means necessary to obtain a small capital loan to start a small business. Progressives also objected to the establishment of the voucher-like Personal Reemployment Accounts on the grounds that the creation of these accounts really masked a cut in funding for job-training programs. Republicans offered no specific argument on the floor against the amendment, though most supported the Personal Reemployment Accounts that would be established in the bill. Democrats, including Progressives, lost on this issue by a nearly party-line vote of 202 to 221; thus, people hoping to obtain a federal loan to start a small business would not be able to use Personal Reemployment Accounts to obtain the loans they need.

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Issue Areas:
Key: Y=Yea, N=Nay, W=Win, L=Loss