Shelby aims to attach bank rules overhaul to spending bill

Posted On Dec 18 2020 by

first_imgby: Victoria McGrane and Ryan TracyOn Tuesday, Senate Banking Chairman Richard Shelby cryptically informed the financial world to “stay tuned this week” for possible developments in a broad financial regulatory bill he wrote in May.On Wednesday, the Alabama Republican revealed his plans: Getting his legislation attached to a Senate spending bill.A subcommittee of the Senate Appropriations Committee voted Wednesday morning to add Mr. Shelby’s legislation to a bill that would fund financial-sector regulators. The full Senate Appropriations Committee is slated to approve the spending bill, with the Shelby text, on Thursday.The maneuver is the latest twist in Mr. Shelby’s efforts to push the most significant set of changes to the financial regulatory regime since the 2010 passage of Dodd-Frank. The Senate Banking Committee approved his legislation in a party-line vote in May. While Democrats on the committee support some of the bill’s provisions, particularly those aimed at lightening the regulatory burden on smaller banks, they strongly oppose others. Mr. Shelby needs the support of at least some Democrats to get the bill passed by the full Senate. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Governor Wolf Announces Construction of New Utility Training Facility in Armstrong County

Posted On Oct 16 2020 by

first_img August 20, 2018 SHARE Email Facebook Twitter Governor Wolf Announces Construction of New Utility Training Facility in Armstrong Countycenter_img Economy,  Education,  Infrastructure,  Innovation,  Jobs That Pay,  Press Release,  Workforce Development Harrisburg, PA – Today, Governor Tom Wolf announced state support for the construction of a 20-acre simulation city in Armstrong County where students learning trades can get hands-on practice installing water, gas, electrical, and sewer lines.“One of the most important ways we can strengthen our workforce is to empower job seekers,” Governor Wolf said. “The development of this unique training facility in Armstrong County will give hands-on experience that will lead to real opportunities for Pennsylvanians looking for family-sustaining jobs.”The Armstrong County Industrial Development Council was awarded a $750,000 grant to construct the Critical Infrastructure Workforce Academy, which will feature residential, commercial, and industrial “neighborhoods” for students to practice handling a variety of standard and hazard scenarios. The $3.5 million “city” will also host classrooms, locker rooms, field labs, meeting areas, office space, and kitchen areas. The school is expected to attract 15,000 students by the end of its fourth year, which will generate secondary economic growth while providing needed workforce development training.“This is the first step in a unique project that will assure reliable services; gas, electricity, water, sewer and telecommunications, are safely delivered to homes and businesses across Pennsylvania,” said Senator Don White. “The Critical Infrastructure Workforce Academy is being developed within Northpointe to fill an existing void of properly trained workers in the utilities and energy sectors. Training our current and future labor force for the quality jobs available in the utility infrastructure sector must be a top priority for our region and this funding will begin that effort.”Supported through the Redevelopment Assistance Capital Program (RACP), funding will support critical expansion projects, some of which will provide opportunities for additional economic development.last_img read more