June 2012 Newsletter

Issues Update

In recent weeks, Sen. Levin led the Senate Armed Services Committee to approval of legislation that would protect Air National Guard capabilities in Michigan and around the country; called on financial regulatory agencies to prevent the kind of risky trades that cost JPMorgan billions of dollars; supported legislation to boost availability of life-saving drugs and to make sure women aren't shortchanged in the workplace; and welcomed grants that will help educate Michigan students and redevelop former industrial sites in the state.

Sen. Levin's committee rejects Air National Guard cuts

Carl being briefed at Battle Creek ANG BaseEarlier this year, the Air Force proposed cuts to the Air National Guard that would have hit Michigan bases especially hard. The proposal was ill-conceived and unjustified. As chairman of the Senate Armed Services Committee, Sen. Levin led the committee in approving a National Defense Authorization Act for the coming fiscal year that rejects the proposed cuts and protects National Guard capabilities in Michigan and across the country.

Read Sen. Levin's newspaper column outlining how the Armed Services Committee protected the Air National Guard and other important national security priorities »

Read the news release on how the bill protects important Air National Guard capabilities »

Read the news release on other Michigan-related aspects of the bill »

Read the news release on how the committee-approved bill keeps the faith with military members and their families, enhances national security and protects taxpayers »

Michigan needs Congress to close the JPMorgan Loophole

Street sign for Wall StreetRecent news coverage of major losses at JPMorgan has renewed the focus on how risky business on Wall Street can affect the larger economy. Now that Michigan is bouncing back from the last financial crisis, we can't let another crisis sparked by risky bets on Wall Street put us all in danger. Sen. Levin fought hard during the debate over Wall Street reform for legislation to prevent risky bets by banks, and the JPMorgan story is a prime example of why regulators need to write and enforce tough rules to implement that legislation.

Read Sen. Levin's newspaper column on the need to close the JPMorgan Loophole »

Read the news release on a letter from Sen. Levin and Sen. Jeff Merkley, co-authors of legislation to ban risky bets by banks, on the need for tough rules and enforcement »

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