Cornyn Leads Letter to USTR Opposing Tax Increase on Job-Creators in Foreign Trade Zones
WASHINGTON – U.S. Senator John Cornyn (R-TX) today led a letter to U.S. Trade Representative Robert Lighthizer opposing a proposed provision that would unfairly disadvantage U.S.-based job creators who employ Americans in Foreign Trade Zones (FTZs) by re-imposing a $2 billion NAFTA-era tax increase through a “technical correction.” Texas has the most FTZs in the country, […]
Cornyn Statement in Support of OCC Rule to Prevent Banking Discrimination Against Key Industries
WASHINGTON –U.S. Senator John Cornyn (R-TX) released the following statement in support of the U.S. Office of the Comptroller of the Currency’s issuance of a proposed rule to prevent financial institutions from using discriminatory practices to deny certain industries loans: “As every sector of our economy feels the strain from this pandemic, some financial institutions may […]
Cornyn Signs onto New Ports-to-Plains Corridor from Laredo to Amarillo
WASHINGTON –Today U.S. Senator John Cornyn (R-TX) announced his support for a new bill establishing a Ports-to-Plains Trade Corridor from Laredo to Amarillo, stopping along the way in Del Rio, Midland-Odessa, San Angelo, and Lubbock. The proposed divided highway corridor would originate in Mexico and continue through West Texas to Oklahoma, New Mexico, Colorado, and ultimately […]
Cornyn, Feinstein Urge State Department to Minimize Disruption to U.S.-Mexico Supply Chain
WASHINGTON— U.S. Senators John Cornyn (R-TX) and Dianne Feinstein (D-CA) today sent a letter to Secretary of State Mike Pompeo urging him to request the Mexican government clarify their definition of essential businesses to resolve uncertainty in the U.S.-Mexico supply chain during the coronavirus pandemic. Joining them were Senators Martha McSally (R-AZ), Kelly Loeffler (R-GA), David […]
Cornyn Urges EIDL Improvement for Texas Small Businesses
WASHINGTON— U.S. Senator John Cornyn (R-TX) today sent a letter to Administrator Jovita Carranza of the Small Business Administration (SBA) urging him to amend the Economic Injury Disaster Loan (EIDL) program to expedite the $10,000 advances to be received within three days, remove the per-employee cap on advance grants, and restore the maximum loan amount to […]
Cornyn on Democrats Blocking Small Business Rescue Funding
Very soon this fund, which has been a lifeline to Texas small businesses, will run out. Allowing this fund to run dry and letting countless small businesses fail would be one of the most unconscionable things Senator Schumer and Democrats could do. WASHINGTON –U.S. Senator John Cornyn (R-TX) today issued the following statement after Minority Leader […]