news

Congressman Posey introduced the Child Tax Credit Preservation Act which makes the $1,000 per child tax credit permanent and requires that it be indexed to account for inflation each year. The idea behind the legislation is to help families plan for future expenses and to correct for the value of the credit which has eroded due to inflation since 2001 when it was set at $1,000. It should… Read more »

U.S. Representatives Bill Posey (R-FL) and Virginia Foxx (R-NC) were joined by 5 of their colleagues in introducing legislation (H.R. 3127) to eliminate a generous death benefit set aside for the family of Members of Congress who pass away during the term of their service. “I believe Members of Congress should do what other Americans do, purchase their own life insurance.” said Posey.… Read more »

Congressman Posey introduced the Housing Recovery Act which is aimed at relieving the market of foreclosed properties and making homes more affordable. H.R. 1526 early distribution penalties on withdrawals from an IRA, Roth IRA or 401K if the funds are used to purchase a home that has been in foreclosure for a year or more, provided the buyer owns the home for at least 2 years. If the… Read more »

Congressman Posey filed bipartisan legislation (H.R. 2568) to prevent the flight of billions of dollars in foreign bank deposits from U.S. banks. The IRS recently proposed overturning a nearly 100 year old policy, without direction from Congress, with a regulation requiring all U.S. banks to report annually on the amount of interest paid to non-resident alien individual deposits. By law,… Read more »

This Friday, October 7th, Congressman Bill Posey (R-Rockledge) will coordinate with local organizations to host a “Script Your Future Day” to assist constituents taking prescription drugs to learn more about the specific medications they are taking. Approximately 60 local pharmacists working with trained medical technicians will be on hand at three locations in Brevard County to review… Read more »

U.S. Representative Bill Posey (R-FL) released the following statement regarding NASA’s announcement this morning revealing its design for a new space launch system: “I am encouraged that the Administration has finally released the concept for the Space Launch System which can restore America’s prominence in space exploration,” said Posey. “However, there is still a lack of vision,… Read more »

As the President delivers his latest economic recovery speech before a joint session of Congress, U.S. Representative Bill Posey (R-FL) is urging the Administration to put the brakes on new federal regulations and begin the process of examining the impact these rules have on the economy and job creation. “I’ve got a 3 foot stack of new and proposed federal regulations on my desk in… Read more »

Congressman Bill Posey (R-Rockledge) will host an Entrepreneur Summit in Indian River County to bring together various entrepreneurs from across the 15th Congressional District to showcase their innovative technologies to the public and potential investors. The Entrepreneur Summit will take place at the Richardson Center at Indian River State College’s Mueller Campus on Wednesday,… Read more »

Congressman Bill Posey (R-Rockledge) released the following statement regarding his vote against the debt limit deal: “Our nation is deep in debt and plummeting deeper in the red every day. The Federal government is spending way beyond its means. The credit ratings agencies have warned that the U.S. will lose its AAA credit rating unless Washington enacts a credible, long-term plan to… Read more »

Congressman Bill Posey (R-Rockledge) released the following statement regarding today’s vote: “Today I joined a bipartisan majority of my House colleagues in rejecting Senator Reid’s bill to give the Administration their requested debt ceiling increase of $2.4 trillion using questionable accounting tricks to fabricate spending cuts. This is not a serious approach to solving our… Read more »