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Recent Press Releases



‘We must pass this bill before leaving town and not allow it to be held up by a Democrat filibuster’



Washington, D.C.— U.S. Senate Republican Leader Mitch McConnell delivered the following remarks on the Senate floor Thursday regarding the bipartisan FISA compromise:



“Last April, the Director of National Intelligence, Admiral Mike McConnell, warned Congress about a serious flaw in the laws that govern our nation’s terror-fighting capabilities. New technologies had made our old electronic surveillance program dangerously out of date, he said, causing us to miss substantial amounts of vital intelligence on foreign terror suspects overseas.



“In reaction to these concerns, the Senate passed and the President signed a temporary measure, the Protect America Act.



“The Protect America Act lived up to its name: We’re told that from the time of its passage last August until its expiration in February, it allowed us to collect significant intelligence on terrorists and has been critical in protecting the U.S. from harm.



“But the Protect America Act had a signal failing: the telecom companies that may have helped prevent terrorist attacks were not protected from potentially crippling lawsuits. And this was no small thing, since without these companies, America wouldn’t even have an effective surveillance program at all. Bankrupting the telecoms would be like outlawing fire hydrants. You could have the best firetrucks and the best firemen in the world, but you’d still be incapable of putting out fires.



“So, after several months of new negotiations, the House finally devised and approved last week a revision of the original surveillance law that addresses the DNI’s major concerns, including the important telecom protection. As the DNI put it in a recent letter endorsing the House-passed bill:



[This bill] … would provide the Intelligence Community with the tools it needs to collect the foreign intelligence necessary to secure our Nation while protecting the civil liberties of Americans. The bill would also provide the necessary legal protections for those companies sued because they are believed to have helped the Government prevent terrorist attacks in the aftermath of September 11. Because this bill accomplishes these two goals essential to any effort to modernize FISA, we strongly support passage and will recommend that the President sign it.



“Passage of this legislation is long overdue. When the Protect America Act expired in February, the DNI warned Democrat Leaders in the House once again about the need for an updated law. Yet House Democrats were evidently more concerned about the pressure they were getting from left-wing groups like MoveOn.org. They brushed the DNI’s warnings aside, and refused to take up and pass a bipartisan Senate-passed compromise bill that would have easily cleared the House.



“As a result of Democrat intransigence, our intelligence community has been handicapped in its ability to acquire new terrorist targets overseas. This was grossly irresponsible, and many of us said so at the time. But now, more than a year after the DNI made his initial plea, House Democrats have finally done the right thing.



“They’ve acted on the DNI’s warnings by passing an updated surveillance law that meets his original criteria and which meets the criteria that Republicans laid out during last year’s debate; namely, one that gives the intelligence community the tools it needs to protect us; which doesn’t put the telecom companies that make this program possible out of business; and which would get a presidential signature.



“And now it’s time for the Senate to take up this bill and pass it without any further delay.



“This bill isn’t perfect. I would have preferred for the Speaker to allow a vote on the Senate-passed FISA bill. But it does meet the DNI’s criteria. And therefore its passage will mark a serious achievement, though long overdue, in the interest of our national security.



“This hard-fought bill represents the epitome of compromise. And the Senior Senator from Missouri must be singled out for his work. He’s done a service to the Senate and to the nation by patiently working all this out over the course of more than a year.



“He was assisted in that effort by a very able staff: Louis Tucker, Jack Livingston, and Kathleen Rice were invaluable throughout the process to every senator who was involved in this important debate. They also deserve our thanks.



“I will support this bill for all the reasons I’ve mentioned, and I would urge my colleagues to do the same.



“We must pass this bill before leaving town and not allow it to be held up by a Democrat filibuster.”



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We must expand our domestic energy production and limit the hold Middle Eastern nations have on our economy



Washington, DC – U.S. Senate Republican Leader Mitch McConnell introduced the Gas Price Reduction Act of 2008 on Thursday to address the high price of gas at the pump and provide a balanced approach to America’s long-term energy needs. The legislation, which has a total of 43 cosponsors, is a result of efforts by Senate Republicans to intensify the legislative debate and provide a vehicle for bipartisan action addressing high gas prices.



“The Gas Price Reduction Act uses a three-pronged approach -- conservation, innovation for newer technologies, and expanded exploration of our domestic resources -- to solve America’s energy crisis,” McConnell said. “This legislation also would create thousands of jobs and help get prices down at the gas pump. We must expand our domestic energy production and limit the hold Middle Eastern nations have on our economy.



“The United States is the third-largest producer of oil in the world after the Saudis and the Russians. While we must work now to reduce our dependence on fossil fuels, if we truly want to achieve energy independence, America must be allowed to take advantage of the vast energy resources we have right here at home.”



THE GAS PRICE REDUCTION ACT OF 2008



TITLE I – DEEP SEA EXPLORATION (OCS)





14 billion barrels on Atlantic and Pacific OCS – More than all US imports from Persian Gulf countries over the last 15 years



• State Option Nationwide (except Gulf of Mexico)

• Governor petitions to allow exploration, with concurrence of state legislature



• Exploration must be at least 50 miles from coast



• 50% of revenues to Federal Treasury, 37.5% to States, 12.5% to Land & Water Conservation Fund





TITLE II: WESTERN STATE OIL SHALE EXPLORATION



More than 3 times the oil reserves of Saudi Arabia

• 800 billion - 2 trillion potentially recoverable barrels in Colorado, Utah, Wyoming



• Democrat Congress put moratorium on final regulations for development of this resource



• Republican proposal would repeal the moratorium and allow exploration to move forward



TITLE III: PLUG-IN ELECTRIC CARS AND TRUCKS



• We need better batteries to maximize electricity range & use less gas

• Increased R&D for advanced batteries



• Direct Loans for advanced battery manufacturing facilities

• Sense of Senate that the Federal Government should increase its purchases of these vehicles





TITLE IV: STRENGTHENING U.S. FUTURES MARKETS



• Authorizes increased funding/staff for Commodity Futures Trading Commission (CFTC)



• Directs the President’s Working Group on Financial Markets to study the international regulation of commodities markets

• Codifies CFTC action on position limits and transparency for foreign boards of trade



• Requires the CFTC to gather information on index traders and swap dealers





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‘The FEC can now resume its critical role of enforcing election laws and ensuring that this election season is fair and equitable to all who are involved’



Washington, D.C. — U.S. Senate Republican Leader Mitch McConnell made the following statement Tuesday after the Senate confirmed a bipartisan slate of nominees to the Federal Election Commission:



“A fully functioning, bipartisan FEC is long overdue. I’m glad that Democrat obstruction on nominees is over so the FEC can now resume its critical role of enforcing election laws and ensuring that this election season is fair and equitable to all who are involved.”



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