Washington, D.C. - Today, Senator Jerry Moran (R-Kan.) along with Senators Jeff Merkley (D-Ore.), Michael Bennet (D-Colo.), Mark Warner (D-Va.), Kelly Ayotte (R-N.H.), Jon Tester (D-Mont.), Pat Toomey (R-Pa.), and Mary Landrieu (D-La.) called on U.S. Securities and Exchange Commission (SEC) Chairman Mary Jo White to quickly issue rules governing crowdfunding activities.  

“The legislation was signed into law on April 5, 2012, and in it Congress directed the SEC to publish rules on the crowdfunding provisions within 270 days of enactment,” the Senators wrote. “It has now been over 530 days since the JOBS Act became law, and we have not seen a proposal from the SEC on crowdfunding.  We are concerned that so much time has passed without action.”

Their letter to Hon. Mary Jo White reads:

October 21, 2013

The Honorable Mary Jo White
Chairman
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549

Dear Chairman White:

We write in response to recent news reports that the Securities and Exchange Commission (SEC) is nearing the point of proposing regulations on crowdfunding.  Proposed regulations have been delayed significantly, and we urge the SEC to move forward with its proposal as soon as possible.

The Jumpstart Our Business Startups (JOBS) Act was adopted with bipartisan support in both the Senate and the House of Representatives. The legislation was signed into law on April 5, 2012, and in it Congress directed the SEC to publish rules on the crowdfunding provisions within 270 days of enactment.  It has now been over 530 days since the JOBS Act became law, and we have not seen a proposal from the SEC on crowdfunding.  We are concerned that so much time has passed without action.

The law provides a new financial market for entrepreneurs and startup companies to raise capital, while ensuring investors are protected. We respect and support the SEC’s rulemaking role in structuring this new financial market. Done right and with input from entrepreneurs and investors, the SEC can create a marketplace that is trustworthy and achieves the goals of the crowdfunding provisions of the JOBS Act.  In particular, we have heard from entrepreneurs who have created crowdfunding platforms and those who want to raise capital via this new mechanism, both of whom have been hurt by the delay.

The new marketplace is designed to provide a mechanism for small and new businesses to access capital crucial to job creation and growing our economy, while providing investors with opportunities to participate thoughtfully in these endeavors.  We urge you to move quickly to propose rules on crowdfunding and thank you in advance for your prompt attention to this matter.

Sincerely,

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WASHINGTON, D.C. – Today, U.S. Senator Jerry Moran (R-Kan.) led a bipartisan group of 50 U.S. Senators, including Senators Joe Manchin (D-W.V.) and Jim Inhofe (R-Okla.), in reiterating to President Obama that the Senate overwhelmingly opposes the ratification of the U.N. Arms Trade Treaty (ATT) and will not be bound by its obligations.

"The Administration’s recent signing of the U.N. Arms Trade Treaty was a direct dismissal of the bipartisan Senate majority that rejects this treaty," Sen. Moran said. "Throughout this process, it has been disturbing to watch the Administration reverse U.S. policies, abandon its own ‘red line’ negotiation principles, admit publicly the treaty’s dangerous ambiguity, and hastily review the final treaty text. Today I join my colleagues in upholding the fundamental individual rights of Americans by reiterating our rejection of the ATT. The Senate will overwhelmingly oppose ratification, and will not be bound by the treaty."

"Under no circumstances should this country surrender our gun rights to the control of the United Nations," Senator Manchin said. "While we can work toward improving the regulation of the international trade of weapons, I am very concerned that the rights of law-abiding Americans would be violated by entering into this agreement. I strongly oppose any treaty that infringes on our Second Amendment rights."

"The Senate spoke out against the U.N. Arms Trade Treaty this past March when 53 Senators voted for my amendment to the Senate budget resolution to block U.S. involvement in the treaty," Sen. Inhofe said. "Despite clear opposition, the Obama Administration proceeded in misleading the U.N. and making the United States a signatory nation of this treaty. It is time that the Administration puts this failed effort to rest once and for all and instead focus on the serious economic and national security problems that threaten our country."

In the letter to the president, the Senators outline six reasons why they will not give advice and consent to the treaty and are therefore not bound to uphold the treaty’s object and purpose.

"We urge you to notify the treaty depository that the U.S. does not intend to ratify the Arms Trade Treaty, and is therefore not bound by its obligations,” the 50 Senators wrote to President Obama.

The six reasons for opposing ratification of the ATT include:

1. The treaty failed to achieve consensus, and was adopted by majority vote in the U.N. General Assembly. This violates the red line drawn by the Obama Administration;
2. The treaty allows amendments by a three-quarters majority vote, circumventing the power and duty of the U.S. Senate to provide its advice and consent on treaty commitments before they are assumed by the United States;
3. The treaty includes only a weak non-binding reference to the lawful ownership, use of, and trade in firearms, and recognizes none of these activities, much less individual self-defense, as fundamental individual rights. This poses a threat to the Second Amendment;
4. The State Department has acknowledged that the treaty is “ambiguous.” By becoming party to the treaty, the U.S. would therefore be accepting commitments that are inherently unclear;
5. The criteria at the heart of the treaty are vague and easily politicized. They violate the right of the American people, under the Constitution, to freely govern themselves. The language restricts the ability of the United States to conduct its own foreign policy and allows foreign sources of authority to impose judgment or control upon the United States; and
6. The State Department has acknowledged that the treaty includes language that could hinder the United States from fulfilling its strategic, legal and moral commitments to provide arms to key allies such as the Republic of China (Taiwan) and the State of Israel.

The letter is signed by a bipartisan group of 50 U.S. Senators including: Jerry Moran (R-Kan.), Joe Manchin III (D-W. Va.), James Inhofe (R-Okla.), Lamar Alexander (R-Tenn.), Kelly Ayotte (R-N.H.), John Barrasso (R-Wyo.), Mark Begich (D-Alaska), Roy Blunt (R-Mo.), John Boozman (R-Ark.), Richard Burr (R-N.C.), Saxby Chambliss (R-Ga.), Jeffrey Chiesa (R-N.J.), Daniel Coats (R-Ind.), Tom Coburn (R-Okla.), Thad Cochran (R-Miss.), Susan Collins (R-Maine), Bob Corker (R-Tenn.), John Cornyn (R-Texas), Mike Crapo (R-Idaho), Ted Cruz (R-Texas), Mike Enzi (R-Wyo.), Deb Fischer (R-Neb.), Jeff Flake (R-Ariz.), Lindsey Graham (R-S.C.), Chuck Grassley (R-Iowa), Kay Hagan (D-N.C.), Orrin Hatch (R-Utah), Dean Heller (R-Nev.), John Hoeven (R-N.D.), Johnny Isakson (R-Ga.), Mike Johanns (R-Neb.), Ron Johnson (R-Wis.), Mary Landrieu (D-La.), Mike Lee (R-Utah), John McCain (R-Ariz.), Mitch McConnell (R-Ky.), Lisa Murkowski (R-Alaska), Rand Paul (R-Ky.), Rob Portman (R-Ohio), Mark Pryor (D-Ark.), Jim Risch (R-Ind.), Pat Roberts (R-Kan.), Marco Rubio (R-Fla.), Tim Scott (R-S.C.), Jeff Sessions (R-Ala.), Richard Shelby (R-Ala.), John Thune (R-S.D.), Pat Toomey (R-Pa.), David Vitter (R-La.) and Roger Wicker (R-Miss.).

Over the past two years, Sen. Moran has led multiple Senate efforts to express concerns to the Administration about the ATT including:

• In May 2012, Sen. Moran spoke on the U.S. Senate Floor about S. 2205, the Second Amendment Sovereignty Act, which he introduced to prohibit funding to negotiate a U.N. ATT that restricts the Second Amendment rights of U.S. citizens;
• In July 2012, Sen. Moran drafted a letter signed by 50 of his Senate colleagues and wrote an op-ed notifying the Administration that there was strong enough opposition to block the ATT from Senate passage; and
• In March 2013, Sen. Moran introduced S. Con. Res. 7, a concurrent resolution sponsored by 35 of his Senate colleagues, which outlines specific criteria that must be met for U.N. ATT to be ratified by the U.S. Senate and recognized as customary international law. S. Con. Res. 7 has been endorsed by the National Rifle Association, Heritage Action, and the Endowment for Middle East Truth.

Please click here to view the letter to the president, or find the full text below:

 Dear President Obama:

We write to express our concern and regret at your decision to sign the United Nations’ Arms Trade Treaty. For the following reasons, we cannot give our advice and consent to this treaty:

First, the treaty was adopted by a procedure which violates a red line laid down by your own administration. In October 2009, then-Secretary of State Hillary Clinton stated that the U.S. supported the negotiation of the treaty only by “the rule of consensus decision-making.” But in April 2013, after the treaty failed to achieve consensus, it was adopted by majority vote in the U.N. General Assembly. We fear that this reversal has done grave damage to the diplomatic credibility of the United States.

Second, the treaty allows amendments by a three-quarters majority vote. As the treaty is amended, it will become a source of political and legal pressure on the U.S. to comply in practice with amendments it was unwilling to accept. This would circumvent the power and duty of the Senate to provide its advice and consent on treaty commitments before they are assumed by the United States.

Third, the treaty includes only a weak non-binding reference to the lawful ownership and use of, and trade in firearms, and recognizes none of these activities, much less individual self-defense, as fundamental individual rights. It encourages governments to collect the identities of individual end users of imported firearms at the national level, which would constitute the core of a national gun registry, and it creates a national “responsibility” to “prevent . . . [the] diversion” of firearms, which could be used to justify the imposition of controls within the U.S. that would pose a threat to the Second Amendment and infringe on the rights protected therein.

Fourth, the State Department has acknowledged that the treaty is “ambiguous.” By becoming party to the treaty, the U.S. would therefore be accepting commitments that are inherently unclear. The Senate cannot effectively provide advice on an ambiguous treaty, and it should never provide its consent to such a treaty.

Fifth, the criteria at the heart of the treaty are vague and easily politicized. They will restrict the ability of the U.S. to conduct our own foreign policy, and will steadily subject the U.S. to the influence of internationally-defined norms, a process that would impinge on our national sovereignty.  We believe that treaties which allow foreign sources of authority to impose judgment or control upon the US, as this one does, violate the right of the American people, under the Constitution, to freely govern themselves.

Sixth, the State Department has acknowledged that “specific . . .  country concerns, including Taiwan, China, and the Middle East, create challenges for establishing [treaty] criteria that can be applied without exception and fit U.S. national security interests. These concerns would make Senate ratification difficult.” We are indeed deeply concerned that the treaty criteria as established could hinder the United States in fulfilling its strategic, legal, and moral commitments to provide arms to key allies such as the Republic of China (Taiwan) and the State of Israel. 

We urge you to notify the treaty depository that the U.S. does not intend to ratify the Arms Trade Treaty, and is therefore not bound by its obligations. As members of the Senate, we pledge to oppose the ratification of this treaty, and we give notice that we do not regard the U.S. as bound to uphold its object and purpose.

We appreciate your consideration on this issue and look forward to your response.

Sincerely,

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WASHINGTON, D.C. – U.S. Senators Jerry Moran (R-Kan.) and Pat Roberts (R-Kan.), along with Sens. Jim Inhofe (R-Okla.), John Boozman (R-Ark.) and Mark Pryor (D-Ark.), sent a letter on Wednesday to Federal Aviation Administration (FAA) Administrator Michael Huerta requesting a review of the FAA’s decision to close its Aircraft Registry Office despite its value in protecting national security. The letter highlights the fact that the office has remained open through previous government shutdowns.

In the letter, the Senators wrote, “The FAA appears to be handling the current shutdown in a different manner from previous shutdowns, inflicting unnecessary hardship on aviation industries in our country.”

Please find below the full text of the letter to Administrator Huerta: 

The Honorable Michael P. Huerta
Administrator, Federal Aviation Administration
800 Independence Avenue, SW
Washington, D.C.  20591

Dear Administrator Huerta:

We are writing to request that you review the decision to close the Federal Aviation Administration (FAA) Aircraft Registry office during the present federal government shutdown.  We understand that during previous lapses in appropriated funding, this office has remained open. 

The FAA appears to be handling the current shutdown in a different manner from previous shutdowns, inflicting unnecessary hardship on aviation industries in our country.  The closure of the Aircraft Registry office has a serious impact on American aircraft manufacturers and related industries, because it prevents the delivery of newly manufactured aircraft.  While we understand that many important federal activities come to a halt during a funding lapse, activities funded by laws other than annual appropriations act – including the Aircraft Registry office, which is partially funded through fees – may be permitted to continue operations in some cases.

The Anti-deficiency Act provides Department of Transportation (DOT) with the necessary authority to staff the Registry because it helps provide vital protection to human life and property.  Maintaining this database is necessary for the U.S. to fulfill its ongoing international legal obligations under the Chicago Convention and the Convention on International Interests in Mobile Equipment relating to the registration of aircraft.  The Registry is also important to national security.  Following the terrorist attacks of September 11, 2001, triennial registration was mandated for all aircraft to help the government identify and mitigate potential terrorist threats.  As long as the Registry remains closed, this important anti-terrorism tool will be unavailable to law enforcement officers.

As you know, the United States is the global leader in the highly competitive business of aircraft manufacturing and related industries.  Please review the decision to close the Aircraft Registry office, and provide an explanation for this decision as quickly as possible.  Also, if the closure of this office was handled differently during previous funding lapses, please explain the rationale for this inconsistency.   We expect you will maximize the use of any legal authorities you may have to mitigate the impacts of the shutdown on the aviation industry and other FAA.  We look forward to your prompt response.

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WASHINGTON, D.C. – U.S. Senator Jerry Moran (R-Kan.) released the following statement today regarding President Obama’s nomination of Janet Yellen to serve as the Chairman of the Federal Reserve:

“Given the profound influence of the Federal Reserve on the global economy, Vice Chair Yellen can expect a rigorous confirmation hearing before the Senate Banking Committee. I look forward to the opportunity to discuss her views of our current and future monetary policy.”

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