In response to the preliminary estimate released by the Bureau of Economic Analysis showing that real gross domestic product (GDP) decreased at an annual rate of 0.9% in the second quarter of 2022, marking two consecutive quarters of negative GDP growth, Congressman William Timmons (SC-04) released the following statement: “No matter how the Biden Administration tries to spin it,… Read more »

Congressman William Timmons (SC-04) and Senator Tim Scott (R-SC) sent a letter to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra regarding a new data collection rule that would place undue burden on South Carolina small business owners, farmers, and lenders. “We feel that the CFPB has failed to take the appropriate steps to engage with these institutions on this… Read more »

My legislation, the COVID-19 Individual Liberty Act, will block these unconstitutional mandates, recognize that natural immunity is real, prevent the federal government from imposing vaccine passports, and restore individual liberty to the American people. Read more »

Washington, DC — Congressman William Timmons (SC-04) recently introduced H.R. 4243, the Improving Capital Allocation for Newcomers (ICAN) Act of 2021. This bill modifies the Qualifying Venture Capital Fund Exemption under Section 3(c)(1) of the Investment Company Act of 1940 by increasing the cap from $10 million to $150 million and increasing the allowable number of investors from 250 to… Read more »

Today, Acting Assistant Attorney General Brian C. Rabbitt of the Criminal Division announced new charges and progress in Paycheck Protection Program Fraud cases. Since the program was enacted, 57 people have been charged with Paycheck Protection Program fraud. Congressman William Timmons (SC-04) released the following statement: “I applaud the Department of Justice for taking… Read more »