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Tag Archives: Congress

COMMERCIAL FINANCE 701 — Real estate loans – HVCRE revisited

In the midst of all the recent investigations, pardons, Supreme Court rulings, and incessant breaking news, you might have missed a favorable change in federal banking law.  On May 22, Congress amended the Dodd–Frank Wall Street Reform and Consumer Protection Act (enacted in 2010), which revisions included significant tweaks to the High Volatility Commercial Real Estate (HVCRE) regulations governing commercial ...

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BILL CRAWFORD — Mississippi’s seniority clout looks to dwindle

Powerful seniority has given small, rural Mississippi significant clout in Congress. That clout looks to dwindle sooner than expected.    Since 1940, the state has elected and re-elected U.S. Senators and Representatives for multiple decades to allow them to accrete seniority. For example, Rep. Jamie Whitten served 53 years, Bill Colmer 39 years, John Rankin 32 years, and Tom Abernethy ...

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Obama proposes war authorization against Islamic State

WASHINGTON — President Barack Obama asked Congress Wednesday to formally authorize military force against the Islamic State group, arguing the militants could pose a threat to the U.S. homeland if their violent power grab goes unchecked and urging lawmakers to “show the world we are united in our resolve to counter the threat.” The president elected on a promise to end ...

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GOP congressman Nunnelee hospitalized in his Miss. hometown

JACKSON — A Mississippi congressman who had brain surgery last year is hospitalized for treatment of a bleeding problem in his left leg. Republican Rep. Alan Nunnelee is in North Mississippi Medical Center in his hometown of Tupelo for treatment of a hematoma. Nunnelee’s spokeswoman, Elizabeth Parks, says doctors have not said when he might be discharged. Nunnelee’s office announced ...

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Wicker to preside over US Senate on first day of Congress

JACKSON — Mississippi Sen. Roger Wicker will serve as presiding office of the U.S. Senate during the first day of the 114th Congress, which convenes today. Wicker, a Republican, will preside from 2 p.m. to 2:30 p.m. The segment will be broadcast live on C-SPAN 2. Wicker announced the opportunity Monday. Wicker was recently elected chairman of the National Republican ...

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No debate, but Cochran and Childers lobby for votes for Senate

JACKSON — Six-term incumbent Thad Cochran told Mississippi business leaders yesterday that he will be in line for a committee chairmanship if Republicans regain control of the Senate. Speaking at a state chamber of commerce event in Jackson, Cochran stopped short of saying he would chair the Senate Appropriations Committee, a powerful spending panel he once led and of which ...

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ROSS REILY: EPA should have historical background of Delta

  If you first listen to environmentalists and the Environmental Protection Agency as to why they are opposed to the Yazoo Backwater project, they make a pretty compelling argument. The EPA has said the project would have incurred “unacceptable damage to these valuable resources that are used for wildlife, economic and recreational purposes.” In an interview I did with a ...

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Cochran calls on EPA for review of Yazoo Backwater Project

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.) is asking for an independent peer review of the decision that halted completion of the Yazoo Backwater Project, a flood control project for the lower Mississippi Delta. Cochran requested approval for an independent peer review from Gina McCarthy, administrator of the Environmental Protection Agency (EPA), following a lack of response from EPA ...

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Moon issues statement on Congress' Ex-Im Bank vote

JACKSON — Following House and Senate passage of a continuing resolution that temporarily reauthorizes the Export-Import (Ex-Im) Bank, Mississippi Manufacturers Association (MMA) President and CEO Jay C. Moon has issued a statement. “Mississippians, along with others across the nation, have brought to Congress’ attention the vitality of what the Export-Import Bank means to the United States,” Moon said. “Congress has ...

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Delta Council says condition of Highway 6 'of crisis dimensions'

MISSISSIPPI DELTA — As the 2014 harvest progresses, the transportation arteries that move the crop from the field to its market place in Northwest Mississippi is choked down, according to Stoneville-based Delta Council. Due to structurally deficient bridge structures throughout the Batesville-to-Clarksdale reach of Highway 6, hundreds of trucks loaded full of grain are being detoured to other routes even ...

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