Usaid Contracting Policies Hearing Committee On

Total Page:16

File Type:pdf, Size:1020Kb

Usaid Contracting Policies Hearing Committee On S. HRG. 108–561 USAID CONTRACTING POLICIES HEARING BEFORE THE SUBCOMMITTEE ON INTERNATIONAL ECONOMIC POLICY, EXPORT AND TRADE PROMOTION OF THE COMMITTEE ON FOREIGN RELATIONS UNITED STATES SENATE ONE HUNDRED EIGHTH CONGRESS SECOND SESSION FEBRUARY 25, 2004 Printed for the use of the Committee on Foreign Relations ( Available via the World Wide Web: http://www.access.gpo.gov/congress/senate U.S. GOVERNMENT PRINTING OFFICE 95–264 PDF WASHINGTON : 2004 For sale by the Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2250 Mail: Stop SSOP, Washington, DC 20402–0001 VerDate 11-MAY-2000 13:09 Aug 19, 2004 Jkt 000000 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 95264 SFORELA1 PsN: SFORELA1 COMMITTEE ON FOREIGN RELATIONS RICHARD G. LUGAR, Indiana, Chairman CHUCK HAGEL, Nebraska JOSEPH R. BIDEN, JR., Delaware LINCOLN CHAFEE, Rhode Island PAUL S. SARBANES, Maryland GEORGE ALLEN, Virginia CHRISTOPHER J. DODD, Connecticut SAM BROWNBACK, Kansas JOHN F. KERRY, Massachusetts MICHAEL B. ENZI, Wyoming RUSSELL D. FEINGOLD, Wisconsin GEORGE V. VOINOVICH, Ohio BARBARA BOXER, California LAMAR ALEXANDER, Tennessee BILL NELSON, Florida NORM COLEMAN, Minnesota JOHN D. ROCKEFELLER IV, West Virginia JOHN E. SUNUNU, New Hampshire JON S. CORZINE, New Jersey KENNETH A. MYERS, JR., Staff Director ANTONY J. BLINKEN, Democratic Staff Director SUBCOMMITTEE ON INTERNATIONAL ECONOMIC POLICY, EXPORT AND TRADE PROMOTION CHUCK HAGEL, Nebraska, Chairman LINCOLN CHAFEE, Rhode Island PAUL S. SARBANES, Maryland MICHAEL B. ENZI, Wyoming JOHN D. ROCKEFELLER IV, West Virginia LAMAR ALEXANDER, Tennessee JON S. CORZINE, New Jersey NORM COLEMAN, Minnesota CHRISTOPHER J. DODD, Connecticut (II) VerDate 11-MAY-2000 13:09 Aug 19, 2004 Jkt 000000 PO 00000 Frm 00002 Fmt 5904 Sfmt 5904 95264 SFORELA1 PsN: SFORELA1 CONTENTS Page Barton, Mr. Frederick D., co-director of Post Conflict Reconstruction Pro- grams, Center for Strategic and International Studies, Washington, DC ...... 32 Prepared statement .......................................................................................... 35 Responses to additional questions for the record from Senator Lugar ........ 56 Beans, Mr. Timothy, Director, Office of Procurement, U.S. Agency for Inter- national Development, Washington, DC ............................................................ 7 Prepared statement .......................................................................................... 9 Responses to additional questions for the record from Senator Lugar ........ 55 Responses to additional questions for the record from Senator Hagel ........ 58 Response to an additional question for the record from Senator Sarbanes . 60 Burman, Dr. Allan V., President, Jefferson Solutions, division of the Jefferson Consulting Group, LLC, Washington, DC .......................................................... 37 Prepared statement .......................................................................................... 40 Hagel, Hon. Chuck, U.S. Senator from Nebraska, opening statement ............... 1 Mosley, Hon. Everett L., Inspector General, U.S. Agency for International Development, Washington, DC ........................................................................... 2 Prepared statement .......................................................................................... 5 Responses to additional questions for the record from Senator Lugar ........ 53 Responses to additional questions for the record from Senator Hagel ........ 58 Stevenson, Mr. Marcus L., director of Grants and Contracts, The Urban Institute, Washington, DC .................................................................................. 44 Prepared statement .......................................................................................... 48 Responses to additional questions for the record from Senator Lugar ........ 57 (III) VerDate 11-MAY-2000 13:09 Aug 19, 2004 Jkt 000000 PO 00000 Frm 00003 Fmt 5904 Sfmt 5904 95264 SFORELA1 PsN: SFORELA1 VerDate 11-MAY-2000 13:09 Aug 19, 2004 Jkt 000000 PO 00000 Frm 00004 Fmt 5904 Sfmt 5904 95264 SFORELA1 PsN: SFORELA1 USAID CONTRACTING POLICIES WEDNESDAY, FEBRUARY 25, 2004 U.S. SENATE, SUBCOMMITTEE ON INTERNATIONAL ECONOMIC POLICY, EXPORT AND TRADE PROMOTION, COMMITTEE ON FOREIGN RELATIONS, Washington, DC. The subcommittee met, pursuant to notice, at 3:38 p.m. in room SD–419, Dirksen Senate Office Building, Hon. Chuck Hagel (chair- man of the subcommittee), presiding. Present: Senator Hagel. OPENING STATEMENT OF SENATOR CHUCK HAGEL Senator HAGEL. Good afternoon. This hearing of the Senate For- eign Relations Subcommittee on International Economic Policy, Ex- port and Trade Promotion will examine USAID contracting policies, focusing in particular on USAID contracting policies toward Af- ghanistan and Iraq. American reconstruction efforts in Afghanistan and Iraq are crit- ical to successful political transitions in both countries. Since 2001, USAID has been allocated approximately $1 billion for reconstruc- tion assistance in Afghanistan. Although the majority of the more than $20 billion in reconstruction assistance appropriated for Iraq is under the control of the Department of Defense and the Coalition Provisional Authority, USAID has so far awarded 11 reconstruction contracts in Iraq worth $3.3 billion. The primary reconstruction project in Afghanistan has been the Kabul-Kandahar highway. In December 2003, the Louis Berger Group, a leading American engineering and construction firm and the USAID contractor for this project, completed phase I of the re- construction of the highway. In the spring and summer of this year, additional layers of asphalt will be laid. The cost of phase I of this project was $190 million; the total cost of the completed highway is projected to be $270 million. According to the November 2003 report issued by USAID Inspector General Mosley’s office re- garding progress of the Kabul-Kandahar highway, and according to Mr. Mosley’s written testimony today, who we will hear from later, the Louis Berger Group did not adequately update USAID on changes in its implementation plan and schedule during phase I of the project. I would welcome testimony from both USAID witnesses regarding the schedule and plan for implementation of phase II of the highway’s construction. Because of the urgency of the situation in Iraq, in the spring of 2003, USAID issued solicitations and awarded nine contracts for (1) VerDate 11-MAY-2000 13:09 Aug 19, 2004 Jkt 000000 PO 00000 Frm 00005 Fmt 6633 Sfmt 6633 95264 SFORELA1 PsN: SFORELA1 2 reconstruction in Iraq, bypassing the full and open competition process which normally governs USAID contracting. While limited competition rules, as they are known, may have had certain bene- fits given the crisis in Iraq, the contracting process has also raised questions about oversight and accountability of our Iraq reconstruc- tion programs. USAID contracting policies in Iraq, Afghanistan, and throughout the world should reflect the best practices and values of American foreign policy and business. Our policies should encourage trans- parency and accountability, and empower the peoples of the recipi- ent countries by developing and expanding their private sectors and providing local jobs. Some of the problems and challenges in the USAID contracting and procurement process may be linked to management and staff- ing decisions over the past decade. An August 2003 GAO report noted that USAID has evolved from an Agency in which U.S. di- rect-hire staff directly implemented development projects to one in which U.S. direct-hire staff oversee the activities of contractors and grantees. Between 1992 and 2002, USAID direct-hire staff declined by 37 percent overall and 42 percent overseas, during a decade when USAID program funding increased by more than 50 percent. USAID staff deployed abroad to oversee these major foreign assist- ance and reconstruction projects may not have the contracting and procurement expertise required for proper oversight and account- ability. USAID’s contracting policies do not exist in a vacuum. They can- not be separated from USAID’s overall policies and procedures for foreign assistance. USAID contracting policies also cannot be con- sidered in isolation of overall U.S. policy objectives in Iraq, Afghan- istan, or elsewhere in the world. I welcome and look forward to the testimony of today’s witnesses. The first panel will include the Honorable Everett L. Mosley, USAID Inspector General and Mr. Timothy Beans, USAID’s Direc- tor of Procurement. The second panel includes Mr. Frederick Bar- ton, co-director of Post Conflict Reconstruction Programs at the Center for Strategic and International Studies; Dr. Allan Burman, president of Jefferson Solutions; and Mr. Marcus Stevenson, direc- tor of Grants and Contracts at the Urban Institute. Gentlemen, we are all grateful for your testimony and your time today and your availability and we appreciate very much your com- ing forward with that testimony and look forward to an opportunity to exchange views during a question and answer period. With that, Mr. Mosley, if you would begin, we would appreciate it. STATEMENT OF HON. EVERETT L. MOSLEY, INSPECTOR GEN- ERAL, UNITED STATES AGENCY FOR INTERNATIONAL DE- VELOPMENT Mr. MOSLEY. Mr. Chairman, other committee members, and com- mittee staff, thank you for the opportunity to provide my testimony today on the USAID contracting practices. As you have requested,
Recommended publications
  • Nomination of Dr. Carla D. Hayden, to Be Librarian of Congress
    S. HRG. 114–285 NOMINATION OF DR. CARLA D. HAYDEN, TO BE LIBRARIAN OF CONGRESS HEARING BEFORE THE COMMITTEE ON RULES AND ADMINISTRATION CONGRESS OF THE UNITED STATES ONE HUNDRED FOURTEENTH CONGRESS SECOND SESSION APRIL 20, 2016 Printed for the use of the Committee on Rules and Administration ( U.S. GOVERNMENT PUBLISHING OFFICE 20–359 WASHINGTON : 2016 For sale by the Superintendent of Documents, U.S. Government Publishing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 VerDate Sep 11 2014 15:14 Jun 23, 2016 Jkt 097434 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 C:\DOCS\20359.TXT SHAWN DeShaun on LAP51NQ082 with DISTILLER COMMITTEE ON RULES AND ADMINISTRATION SECOND SESSION ROY BLUNT, Missouri, Chairman LAMAR ALEXANDER, Tennessee CHARLES E. SCHUMER, New York MITCH MCCONNELL, Kentucky DIANNE FEINSTEIN, California THAD COCHRAN, Mississippi RICHARD J. DURBIN, Illinois PAT ROBERTS, Kansas TOM UDALL, New Mexico RICHARD SHELBY, Alabama MARK R. WARNER, Virginia TED CRUZ, Texas PATRICK J. LEAHY, Vermont SHELLEY MOORE CAPITO, West Virginia AMY KLOBUCHAR, Minnesota JOHN BOOZMAN, Arkansas ANGUS S. KING, JR., Maine ROGER WICKER, Mississippi STACY MCHATTON MCBRIDE, Staff Director KELLY L. FADO, Democratic Staff Director (II) VerDate Sep 11 2014 15:14 Jun 23, 2016 Jkt 097434 PO 00000 Frm 00002 Fmt 5904 Sfmt 5904 C:\DOCS\20359.TXT SHAWN DeShaun on LAP51NQ082 with DISTILLER C O N T E N T S OPENING STATEMENT OF: Hon. Roy Blunt, Chairman, a U.S. Senator from the State of Missouri ............
    [Show full text]
  • The Sarbanes-Oxley Act: the First Decade July 30, 2012
    The Sarbanes-Oxley Act: The First Decade July 30, 2012 PROFESSOR MARK BEASLEY: Good afternoon. Welcome to The Sarbanes-Oxley Act: The First Decade. My name is Mark Beasley. I am the Deloitte Professor of Enterprise Risk Management and Professor of Accounting in the Poole College of Management at North Carolina State University which is based in Raleigh, North Carolina. It is a pleasure to welcome our audience here at the Jack Morton Auditorium on the campus of The George Washington University in Washington D.C. as well as those who are joining us live via the internet through the SEC Historical Society’s virtual museum at www.sechistorical.org. It is a pleasure to welcome you all here today. Ten years ago today, President George Bush signed into law The Sarbanes-Oxley Act of 2002 after it was approved by the House with a vote of 423 to 3 and by the Senate with a vote of 99 to 0. At the time in 2002, we were on the heels of the corporate scandals at Enron, WorldCom and others that followed, Adelphia and Tyco and beyond, as well as the dotcom crisis. We were also dealing with the impact of 9/11 as well. The Sarbanes-Oxley Act was designed to enhance and strengthen corporate governance, particularly over the financial reporting processes in public companies in the United States. As you know, the act had a number of provisions primarily to enhance corporate governance, to place more responsibilities and authority on the shoulders of boards of directors, particularly audit committees, as well as to strengthen the accountabilities for management of public companies, the auditors of the financial statements, and to try to enhance the strength of internal controls, financial reporting and particularly to increase transparency over the financial reporting and disclosure process.
    [Show full text]
  • Congressional Record United States Th of America PROCEEDINGS and DEBATES of the 109 CONGRESS, SECOND SESSION
    E PL UR UM IB N U U S Congressional Record United States th of America PROCEEDINGS AND DEBATES OF THE 109 CONGRESS, SECOND SESSION Vol. 152 WASHINGTON, THURSDAY, MARCH 16, 2006 No. 34 Senate (Legislative day of Wednesday, March 15, 2006) The Senate met at 9 a.m., on the ex- sume consideration of S. Con. Res. 83, to the budget resolution. The two man- piration of the recess, and was called to which the clerk will report. agers will then control the remaining order by the President pro tempore The legislative clerk read as follows: time until 1:30 this afternoon when all (Mr. STEVENS). A concurrent resolution (S. Con. Res. 83) time expires. setting forth the congressional budget for At 1:30 today, we begin disposing of PRAYER the United States Government for fiscal year the pending amendments and any addi- The Chaplain, Dr. Barry C. Black, of- 2007 and including the appropriate budgetary tional amendments that are offered. fered the following prayer: levels for fiscal years 2007 and 2008 through This is the beginning of the so-called Let us pray. 2011. vote-arama. This is a difficult process. God of lights, who into chaotic dark- The PRESIDENT pro tempore. Under These votes will likely continue for a ness commanded brightness, shine into the previous order, the time from 9 while today and possibly into the our world with the fullness of Your a.m. to 10:30 a.m. shall be evenly di- evening. I urge my colleagues to re- love. Illuminate our minds so we will vided between the Senator from New main in or around the Chamber.
    [Show full text]
  • HOUSE of REPRESENTATIVES-Wednesday, January 24, 1973 the House Met at 12 O'clock Noon
    January 24, 1973 CONGRESSIONAL RECORD -HOUSE 2105 HOUSE OF REPRESENTATIVES-Wednesday, January 24, 1973 The House met at 12 o'clock noon. The message also announced that the ica in Congress assembled, That the President The Chaplain, Rev. Edward G. Latch, Senate had passed without amendment of the United States is authorized and re­ D. D., offered the following prayer: a joint and concurrent resolution of the quested to issue a proclamation: (1) declar­ ing the week of February 11 to 17, 1973, to Yea, though I walk through the valley House of the following titles: be "National Voctl:tional Education Week"; of the shadow oj death, I will fear no H.J. Res. 163. Joint resolution designating (2) inviting the Governors of the States and the week commencing January 28, 1973, as the heads of local governments to issue sim­ evil, for Thou art with me.-Psalm 23: 4. "International Clergy Week in the United 0 ilar proclamations; and (3) calllng on the God and Father of us all, in deep States", and for other purposes; and people of the United States to become bet­ sadness of heart we lift our spirits unto H. Con. Res. 90. Concurrent resolution au­ ter acquainted with the services available Thee as we journey through the valley thorizing the remains of former President through vocational education. of the shadow of death with the family Lyndon B. Johnson to lie in state in the of our beloved Lyndon Baines Johnson. rotunda of the Capitol. The joint resolution was ordered to be We thank Thee for his long and distin­ The message also announced that the engrossed and read a third time, was guished service to his State and our coun­ Senate had passed a bill of the following read the third time, and passed, and a try, for his contribution as a Member of motion to reconsider was laid on the title, in which the concurrence of the table.
    [Show full text]
  • Financial Institutions Group Newsletter
    WILMER, CUTLER & PICKERING Financial Institutions Group Newsletter AUGUST 13, 2001 ANTI-MONEY LAUNDERING HIGH ON THE RADAR SCREEN ne of the hottest current topics in the The regulators’ order cited several failures on the part financial community is anti-money launder- of U.S. Trust to comply with the anti-money launder- Oing. Indeed, regulators, legislators, and law ing procedures of the Bank Secrecy Act, as well as enforcement agencies – both in the United States other statutory violations. For example, U.S. Trust and internationally – have served notice that they apparently did not comply with the record-keeping will make anti-money laundering a priority this year and reporting requirements for currency transactions and in years to come. In addition, the focus of over $10,000 and lacked adequate systems to catch attention, which has traditionally been directed transactions that were structured to avoid the principally at banks, is now broadening to include $10,000 reporting threshold. securities firms and insurance companies. In this environment, it is increasingly important for all U.S. Trust committed to take numerous detailed types of financial institutions to ensure that they actions to fix the problems, including (1) hiring new have in place robust anti-money laundering controls personnel for the sole purpose of ensuring compli- and procedures. ance with anti-money laundering laws, (2) develop- ing and submitting to regulators new policies and Enforcement Actions Highlight the Need for procedures to comply with anti-money laundering Money Laundering Controls. Two recent laws, and (3) providing for rigorous and on-going enforcement actions brought against U.S.
    [Show full text]
  • Chief Actuary's Communications with Congress
    United States Government Accountability Office Washington, DC 20548 B-302911 September 7, 2004 The Honorable Frank R. Lautenberg The Honorable Tom Daschle The Honorable Edward M. Kennedy The Honorable Jack Reed The Honorable Jon S. Corzine The Honorable John F. Kerry The Honorable Patrick J. Leahy The Honorable Debbie Stabenow The Honorable Tim Johnson The Honorable Mark Pryor The Honorable Maria Cantwell The Honorable Joseph I. Lieberman The Honorable Carl Levin The Honorable Paul Sarbanes The Honorable Barbara A. Mikulski The Honorable Charles Schumer The Honorable John Edwards The Honorable Hillary Rodham Clinton United States Senate Subject: Department of Health and Human Services—Chief Actuary’s Communications with Congress By letter dated March 18, 2004, you asked for our legal opinion regarding a potential violation of the prohibitions in the Consolidated Appropriations Act of 2004 and the Consolidated Appropriations Resolution of 2003 on the use of appropriated funds to pay the salary of a federal official who prohibits another federal employee from communicating with Congress. Pub. L. No. 108-199, Div. F, tit. VI, § 618, 188 Stat. 3, 354 (Jan. 23, 2004); Pub. L. No. 108-7, Div. J, tit. V, § 620, 117 Stat. 11, 468 (Feb. 20, 2003). Specifically, you ask whether alleged threats made by Thomas A. Scully, the former Administrator of the Centers for Medicare & Medicaid Services (CMS), to CMS Chief Actuary Richard S. Foster to terminate his employment if Mr. Foster provided various cost estimates of the then-pending prescription drug legislation to members of Congress and their staff made CMS’s appropriation unavailable for the payment of Mr.
    [Show full text]
  • Governor O'malley, County Executive Leggett Announce Region's First Clean Energy Center
    Press Release: Maryland Receives Grant to Help Strengthen Underperfo... http://www.governor.maryland.gov/pressreleases/090302b.asp Maryland Receives Grant to Help Strengthen Underperforming Schools National Governor’s Association grant is funded by Gates and Prudential Foundations ANNAPOLIS, MD (March 2, 2009) – Governor Martin O’Malley announced today that Maryland has received a grant from the National Governors Association (NGA) for a one-year project designed to spur improvement in chronically low-performing schools. The grant, one of just four funded by the Bill and Melinda Gates Foundation and the Prudential Foundation, will provide the State with up to $150,000, plus assistance in research and development of new strategies to increase academic achievement in underperforming schools. The NGA’s Center for Best Practices will assist Maryland in the development of its plan. “America’s number one public school system must do everything it can to remain the best in the nation while ensuring that every Maryland child receives a quality education regardless of where they live,” said Governor O’Malley. “The National Governor’s Association shares these principles, and we are grateful for this support. Their partnership in this endeavor demonstrates that we all have a stake in the future of our children.” Maryland has gained a well-deserved reputation for its high academic standards and strong accountability measures, and those measures have paid off over time. All 24 school systems across the state have posted steady academic improvement for five straight years, and Education Week Magazine recently cited the state’s public school system as the nation’s best.
    [Show full text]
  • Barbara A. Mikulski
    Barbara A. Mikulski U.S. SENATOR FROM MARYLAND TRIBUTES IN THE CONGRESS OF THE UNITED STATES E PL UR UM IB N U U S VerDate Aug 31 2005 12:18 May 15, 2017 Jkt 098900 PO 00000 Frm 00003 Fmt 6687 Sfmt 6687 H:\DOCS\BYEBYE\BYEBYE16\23051.TXT KAYNE congress.#15 Barbara A. Mikulski VerDate Aug 31 2005 12:18 May 15, 2017 Jkt 098900 PO 00000 Frm 00004 Fmt 6687 Sfmt 6687 H:\DOCS\BYEBYE\BYEBYE16\23051.TXT KAYNE 73-500_mikulski.eps S. DOC. 114–22 Tributes Delivered in Congress Barbara A. Mikulski United States Congressman 1977–1987 United States Senator 1987–2017 ÷ U.S. GOVERNMENT PUBLISHING OFFICE WASHINGTON : 2017 VerDate Aug 31 2005 12:18 May 15, 2017 Jkt 098900 PO 00000 Frm 00005 Fmt 6687 Sfmt 6687 H:\DOCS\BYEBYE\BYEBYE16\23051.TXT KAYNE Compiled under the direction of the Joint Committee on Printing VerDate Aug 31 2005 12:18 May 15, 2017 Jkt 098900 PO 00000 Frm 00006 Fmt 6687 Sfmt 6687 H:\DOCS\BYEBYE\BYEBYE16\23051.TXT KAYNE CONTENTS Page Biography .................................................................................................. v Farewell Address ...................................................................................... vii Proceedings in the Senate: Tributes by Senators: Boozman, John, of Arkansas ..................................................... 37 Boxer, Barbara, of California .................................................... 18, 20 Cardin, Benjamin L., of Maryland ............................................ 11, 15 Casey, Robert P., Jr., of Pennsylvania ..................................... 11, 36 Cochran,
    [Show full text]
  • Nomination of Dr. Carla D. Hayden, to Be Librarian of Congress
    S. HRG. 114–285 NOMINATION OF DR. CARLA D. HAYDEN, TO BE LIBRARIAN OF CONGRESS HEARING BEFORE THE COMMITTEE ON RULES AND ADMINISTRATION CONGRESS OF THE UNITED STATES ONE HUNDRED FOURTEENTH CONGRESS SECOND SESSION APRIL 20, 2016 Printed for the use of the Committee on Rules and Administration ( U.S. GOVERNMENT PUBLISHING OFFICE 20–359 WASHINGTON : 2016 For sale by the Superintendent of Documents, U.S. Government Publishing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 VerDate Sep 11 2014 15:14 Jun 23, 2016 Jkt 097434 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 C:\DOCS\20359.TXT SHAWN DeShaun on LAP51NQ082 with DISTILLER COMMITTEE ON RULES AND ADMINISTRATION SECOND SESSION ROY BLUNT, Missouri, Chairman LAMAR ALEXANDER, Tennessee CHARLES E. SCHUMER, New York MITCH MCCONNELL, Kentucky DIANNE FEINSTEIN, California THAD COCHRAN, Mississippi RICHARD J. DURBIN, Illinois PAT ROBERTS, Kansas TOM UDALL, New Mexico RICHARD SHELBY, Alabama MARK R. WARNER, Virginia TED CRUZ, Texas PATRICK J. LEAHY, Vermont SHELLEY MOORE CAPITO, West Virginia AMY KLOBUCHAR, Minnesota JOHN BOOZMAN, Arkansas ANGUS S. KING, JR., Maine ROGER WICKER, Mississippi STACY MCHATTON MCBRIDE, Staff Director KELLY L. FADO, Democratic Staff Director (II) VerDate Sep 11 2014 15:14 Jun 23, 2016 Jkt 097434 PO 00000 Frm 00002 Fmt 5904 Sfmt 5904 C:\DOCS\20359.TXT SHAWN DeShaun on LAP51NQ082 with DISTILLER C O N T E N T S OPENING STATEMENT OF: Hon. Roy Blunt, Chairman, a U.S. Senator from the State of Missouri ............
    [Show full text]
  • WP-Economic Mobility-FNL
    REFORMING THE REMITTANCE RANSFER ARKET NNATIONALCLR COUNCIL OF LA RAZA T M By Beatriz Ibarra* INTRODUCTION In recent years, policy analysts and economists have focused on the 2005 economic effect that remittances have on developing countries. Remittances, the money that immigrants living in the United States send to their family and friends in their home countries, account for 2.2% of Mexico’s gross domestic product, totaling $13.66 billion in 2003.1 Recent studies have shed light on the unfair practices that exist in the remittance transfer market. For example, the transaction costs of remittance transfers often exceed 20% of the total amount of the transaction,2 and this cost is often passed to the consumer through hidden fees and variations in exchange rates. Lowering the costs associated with remittance transfers by five percentage points could generate annual savings of $1 billion for Latino** households and their families abroad.3 The lack of transparency hinders the ability of Latinos to make informed choices in the short term when choosing a remittance transfer service provider, and the high costs of the transaction acts as another barrier to the accumulation of assets and wealth by Latinos in the long term. Creating transparency and decreasing transfer fees would enable Latinos to save money and begin to close the wealth gap that exists today between Whites and Latinos. Studies show that there is a significant Latino/White wealth gap in the U.S. The median net worth of Hispanic households in 2002 was $7,932, compared to $88,651 for White non-Hispanic households.4 In 2002, 25.4% of Latino households did not own any assets other than a vehicle or unsecured liabilities, compared to only 6.3% of White households.5 * Beatriz Ibarra is the Assets Policy Analyst at NCLR.
    [Show full text]
  • Paul Sarbanes Awarded Greece's Highest Honor
    ✽ CMYK CMYK ✽ O C V ΓΡΑΦΕΙ ΤΗΝ ΙΣΤΟΡΙΑ Bringing the news ΤΟΥ ΕΛΛΗΝΙΣΜΟΥ to generations of ΑΠΟ ΤΟ 1915 The National Herald Greek Americans A WEEKLY GREEK AMERICAN PUBLICATION c v www.thenationalherald.com VOL. 11, ISSUE 555 May 31, 2008 $1.00 GREECE: 1.75 EURO Archbishop Demetrios Paul Sarbanes Awarded Greece’s Highest Honor Meets Church and Political Former U.S. Senator Honored with Order of Leaders in Moscow Visit The Phoenix Cross By National Herald Staff such a deep commitment to the Or- By George Kakarnias Special to The National Herald thodox Faith. Special to The National Herald In the evening, the Archbishop BOSTON – Archbishop Demetrios and the delegation were guests of ATHENS – Former U.S. Senator of America concluded a six day offi- Patriarch Alexios at a concert and Paul Sarbanes addressed an event cial visit in Moscow with meetings performance in the Auditorium of organized by the "Constantine and visits of the high ranking eccle- Christ the Savior Cathedral. The Karamanlis Institute for Democra- siastical and political leaders of performance, including music, po- cy" at a central Athens hotel on Russia. Archbishop Demetrios visit- etry and dance, were a continua- Monday, May 26, during a visit to ed Russia upon the invitation of Pa- tion of the celebration of Slavic Let- Greece where he was also be- triarch Alexios of Moscow and All ters Day. stowed Greece's highest honor, the Russia. According to News Releases Before the official visit to the Order of the Phoenix Cross, by the issued by the Greek Orthodox Arch- parliament of the Russian Federa- President of the Republic Karolos diocese of America, Archbishop tion, the Archbishop, accompanied Papoulias.
    [Show full text]
  • The Reconstruction of Afghanistan: an Update
    S. HRG. 108–37 THE RECONSTRUCTION OF AFGHANISTAN: AN UPDATE HEARING BEFORE THE COMMITTEE ON FOREIGN RELATIONS UNITED STATES SENATE ONE HUNDRED EIGHTH CONGRESS FIRST SESSION FEBRUARY 12, 2003 Printed for the use of the Committee on Foreign Relations ( Available via the World Wide Web: http://www.access.gpo.gov/congress/senate U.S. GOVERNMENT PRINTING OFFICE 87–575 PDF WASHINGTON : 2003 For sale by the Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2250 Mail: Stop SSOP, Washington, DC 20402–0001 VerDate 11-MAY-2000 15:04 Jun 13, 2003 Jkt 000000 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 87575 SFORELA1 PsN: SFORELA1 COMMITTEE ON FOREIGN RELATIONS RICHARD G. LUGAR, Indiana, Chairman CHUCK HAGEL, Nebraska JOSEPH R. BIDEN, JR., Delaware LINCOLN CHAFEE, Rhode Island PAUL S. SARBANES, Maryland GEORGE ALLEN, Virginia CHRISTOPHER J. DODD, Connecticut SAM BROWNBACK, Kansas JOHN F. KERRY, Massachusetts MICHAEL B. ENZI, Wyoming RUSSELL D. FEINGOLD, Wisconsin GEORGE V. VOINOVICH, Ohio BARBARA BOXER, California LAMAR ALEXANDER, Tennessee BILL NELSON, Florida NORM COLEMAN, Minnesota JOHN D. ROCKEFELLER IV, West Virginia JOHN E. SUNUNU, New Hampshire JON S. CORZINE, New Jersey KENNETH A. MYERS, JR., Staff Director ANTONY J. BLINKEN, Democratic Staff Director (II) VerDate 11-MAY-2000 15:04 Jun 13, 2003 Jkt 000000 PO 00000 Frm 00002 Fmt 5904 Sfmt 5904 87575 SFORELA1 PsN: SFORELA1 CONTENTS Page Biden, Hon. Joseph R., Jr., U.S. Senator from Delaware, prepared statement . 10 Hagel, Hon. Chuck, U.S. Senator from Nebraska, prepared statement ............
    [Show full text]