CONGRESSMAN LIEU STATEMENT ON HIS FINANCIAL REPORT LEGISLATION BECOMING LAW
FOR IMMEDIATE RELEASE: October 23, 2015
WASHINGTON - Congressman Ted W. Lieu (D-Los Angeles County) issued a statement following President Barack Obama signing into law H.R. 3116, the Quarterly Financial Report Reauthorization Act. H.R. 3116 is Congressman Lieu’s third bill to be signed into law since he began serving in Congress on January 6, 2015.
“I am grateful President Obama has moved to quickly sign H.R. 3116 into law and reauthorize the Quarterly Financial Report (QFR), which had expired. Since the end of World War II, the QFR has been a closely-watched principal economic indicator used to produce timely, accurate data on business financial conditions that is widely used by the government and private sector alike. Good decisions require good information, and the Department of Commerce’s QFR provides that good information by surveying thousands of companies across a variety of sectors to analyze our nation’s GDP.
“This comes on the heels of my two previous bills to support Veterans being signed into law as a part of S. 2082, the Department of Veterans Affairs Expiring Authorities Act of 2015. As a Freshman Member of Congress, I am pleased to have had three bills signed into law in my first ten months in office, and I look forward to continue delivering for my constituents.”
Two of Congressman Lieu’s previous bills, H.R. 1543 and H.R. 2934, were signed into law on September 30, 2015 as part of S. 2082, the Department of Veterans Affairs Expiring Authorities Act of 2015. H.R. 1543, the Department of Veterans Affairs Medical Facility Earthquake Protection and Improvement Act, authorized $324 million for seismic retrofits to four VA facilities, including $35 million for the West Los Angeles VA Medical Center. H.R. 2934, the Advocating for Homeless Veterans Act, reauthorized the VA Advisory Committee on Homeless Veterans, which provides valuable analysis of the VA’s efforts to fight veteran homelessness while advocating for additional resources from HUD-VASH vouchers to funds for local partnership programs that house veterans.