Jim Jordan

Josh Hawley, Jim Jordan Propose to Restrict Universities with Large Endowments from Receiving Aid

Sen. Josh Hawley (R-MO) and Rep Jim Jordan (R-OH) said on Wednesday that they plan to introduce legislation that would bar universities with “massive” endowments from federal aid unless their plan to use the endowments to help students and cover the costs of the coronavirus. “Department of Education should adopt a rule now that stops federal aid to universities with massive endowments (like Harvard) UNLESS schools spend down some of that endowment to help students & cover this emergency,” Hawley wrote on Wednesday. Hawley then said that he plans to introduce legislation to limit universities’ access to federal aid: ” I will introduce legislation to bar the Department of Ed from giving federal relief funds to universities with massive endowments UNLESS and UNTIL those universities actually spend some of those endowments to help their students and cover costs of this emergency. I’m tired of hearing from university execs that “it wouldn’t be prudent” to tap their endowments in this crisis. Fine. But don’t come begging federal taxpayers for money while you sit on billions in endowment funds and students suffer.” In response to Hawley, Rep. Jim Jordan (R-OH) said that he will cosponsor the House companion bill. “Great idea, Senator. Sounds like you need a companion bill,” Jordan wrote. “Happy to work with you.” “Let’s do it,” Hawley replied. Hawley and Jordan’s announcement follows as Breitbart News reported on Monday that several Ivy League institutions, including Harvard University, received federal bailouts even though many of them have billions of dollars in their endowments. For instance, Harvard has roughly $40.0 billion in its endowment. Harvard University reportedly received $8.6 million in federal bailout funds from the CARES Act. Harvard University President Lawrence Bacow initially resisted calls to dip into the university’s large endowment fund. He said last week: Some of you may be wondering why we can’t just dip into the endowment to support us through these difficult times. We do intend to distribute as much from the endowment as we responsibly can, but there are limitations to the endowment’s capacity. Because of the recent declines in the markets, the endowment, while still large, is not as large as it was previously. As it shrinks, it has less capacity to support our existing operations, especially as other shortfalls in revenue sources loom. On Tuesday, Harvard had said that it planned to keep the federal aid, promising to use it for student financial assistance. Department of Education Secretary Betsy DeVos said on Wednesday that she urging Congress to change the CARES Act to ensure that wealthy schools cannot tap into the emergency funds reserved for less wealthy schools. DeVos said: Congress required by law that taxpayer Emergency Relief funds be given to all colleges and universities, no matter their wealth. But as I’ve said all along, wealthy institutions that do not primarily serve low-income students do not need or deserve additional taxpayer funds. This is common sense. Schools with large endowments should not apply for funds so more can be given to students who need support the most. It’s also important for Congress to change the law to make sure no more taxpayer funds go to elite, wealthy institutions. Harvard announced on Wednesday that they will not take the $8.6 million in aid that was granted as part of the CARES Act.

..And that’s only because they got caught, and are getting a LOT of bad press, like this, about it.  Kudos to Sen. Josh Hawley (R-MO) and Congressman Jim Jordan (R-OH) for looking our for us like this.  Outstanding!!     🙂

Rep. Jim Jordan demands DOJ IG Michael Horowitz to testify in wake of second damning FISA report

The top Republican on the House Judiciary Committee on Wednesday demanded the panel hold a hearing with Justice Department Inspector General Michael E. Horowitz after his latest missive finding the FBI bungled scores of warrant applications to surveil Americans. Rep. Jim Jordan sent a letter to Committee Chairman Jerrold Nadler, New York Democrat, saying lawmakers need to hear from Mr. Horowitz as the debate rages in Washington about whether to limit the FBI’s surveillance powers under the Foreign Intelligence Surveillance Act (FISA). “The committee must not allow the FBI’s extraordinary power to electronically surveil Americans to be so haphazardly rubber-stamped with incorrect, unsubstantiated or erroneous supporting information,” wrote Mr. Jordan, Ohio Republican. On Tuesday, Mr. Horowitz released the preliminary results of his team’s review of 29 FISA applications the FBI had submitted to obtain surveillance warrants on U.S. citizens. Every one of the 29 applications reviewed did not include supporting materials to back up the FBI’s allegations against their surveillance targets. And in some cases, the FBI couldn’t find the backup files at all or was unsure if they ever existed. In all 25 cases in which the files were available for review, Mr.Horowitz found “apparent errors or inadequately supported facts.” Mr. Jordan said the latest findings highlight the need to question the inspector general. “Because of the pervasiveness and seriousness of the FISA application deficiencies — and the pending reauthorization of FISA — we renew our request that you invite Inspector General Michael Horowitz to testify at a public hearing promptly when the House returns to session,” he wrote. House Republicans have been calling for a hearing with Mr. Horowitz since last December when he released a scathing report about the FBI’s bungling of a surveillance warrant to spy on former Trump campaign aide Carter Page. So far, Mr. Nadler has resisted calls to hear from the inspector general. Mr. Horowitz has testified before two Senate committees about the Page report.

Of COURSE Chairman Jerry Nadler (D-NY) doesn’t want to call the IG before his committee.  He doesn’t want any of this to come to light which very likely could make his side look bad in an election year.

Rep. Jim Jordan defends Trump budget deal with Schumer, Pelosi, blames GOP leaders

One of the GOP’s toughest budget hawks on Sunday defended President Trump for striking a funding deal with Democrats, saying Republican leaders left the commander in chief no “good options.” Rep. Jim Jordan, R-Ohio, told “Fox News Sunday” host Chris Wallace he was not a fan of the deal Trump cut last week with Senate Majority Leader Chuck Schumer and House Minority Leader Nancy Pelosi. But he recognized Trump had to strike a bargain to pay for Hurricane Harvey aid and raise the federal debt limit. “Frankly, what options did the president have?” asked Jordan, arguing Republican leaders of the GOP-controlled Congress didn’t have a better plan. Jordan, a founding member of the conservative House Freedom Caucus, noted GOP leaders allowed Congress to adjourn for a lengthy August recess instead of making members stay to craft plans on the debt ceiling, tax reform and dismantling ObamaCare. “We should have stayed. … When you fail to prepare, you get a bad outcome,” said Jordan.

Agreed!  Congressman Jim Jordan (R-OH) gets it.  For more, read the following article, and the analysis at the end.