Economy

Coastal Virginia is fortunate to have a thriving economy, and it’s my goal to keep it that way. Since taking office, I have toured more than 40 local businesses in our district to hear directly from constituents about how Congress can cut through red tape, grow our regional economy, and create jobs.

I am fighting to ensure all Coastal Virginians can make better lives for themselves and their families. In Congress, I voted for the Raise the Wage Act, which will gradually increase the minimum wage to $15 an hour within six years. This could give nearly 109,500 workers in our district a much-needed pay raise, helping people make ends meet while working just one job. I am also fighting for the working women of our district by being an original cosponsor of the Paycheck Fairness Act. This bill will help ensure women get equal pay for equal work.

As a small business owner, I am also passionate about helping grow Coastal Virginia’s business community. I know the challenges of building a company from scratch and navigating regulations, and have worked within my community to advocate for neighborhood small businesses. When I meet with business leaders, I frequently hear that they have good-paying jobs that they cannot fill because they cannot find enough people with the relevant skill set. That is why I am working to support apprenticeship programs, career and technical education, and access to broadband so workers can attain the skills they need to advance their careers.

It’s also important to fix past congressional mistakes that have brought distress to military families. In this spirit, I introduced the Gold Star Family Tax Relief Act. This bill passed the House as part of a larger legislative package. It would repeal an error in the 2017 tax reform bill that was causing some Gold Star families to pay thousands of dollars in additional taxes on their survivor benefits.

 

More on Economy

May 28, 2020 Press Release

WASHINGTON, D.C. – Today, Congresswoman Elaine Luria voted for two bills she cosponsored to help small businesses and ensure transparency and accountability from the Small Business Administration’s loan programs. The Paycheck Protection Program Flexibility Act (H.R.

May 19, 2020 Press Release

VIRGINIA BEACH, VA – Today, Congresswoman Elaine Luria (VA-02) joined Congressman Rob Wittman (VA-01) for a tele-town hall with members of the Greater Williamsburg Business Council to hear directly from constituents regarding their concerns about the impact of the COVID-19 pandemic on local small businesses.

May 14, 2020 Press Release

VIRGINIA BEACH, VA – Congresswoman Elaine Luria is spearheading a bipartisan effort urging the U.S. Department of Agriculture (USDA) to support aquaculture growers and commercial fisheries in its recent $19 billion pandemic relief package. Fellow Virginia Representatives Bobby Scott (VA-03) and Rob Wittman (VA-01) joined this initiative. 

May 11, 2020 Press Release

VIRGINIA BEACH, VA – Today, Congresswoman Elaine Luria announced her support for legislation to permit tax credits for state and local governments to provide emergency paid sick leave and paid family leave during the public health emergency. The Supporting State and Local Leaders Act (H.R.

May 7, 2020 Press Release

VIRGINIA BEACH, VA – Congresswoman Luria joined Representative Schneider and over 100 of her Democratic colleagues in calling on the Small Business Administration (SBA) to more quickly and transparently process Economic Injury Disaster Loan (EIDL) grant applications and provide updates to small businesses who have applied for an EIDL.

April 23, 2020 Press Release

VIRGINIA BEACH, VA – In response to the economic fallout of the COVID-19 pandemic, Congresswoman Elaine Luria joined two bipartisan efforts urging the Department of Commerce to quickly implement relief for the fishery and aquaculture industries.  

April 22, 2020 Press Release

VIRGINIA BEACH, VA – Congresswoman Luria joined a bipartisan effort to replenish critical funding for the Paycheck Protection Program. The Paycheck Protection Program Extension Act (H.R. 6506) would provide up to $900 billion in funding for the Small Business Administration’s Paycheck Protection Program (PPP), allow businesses to automatically renew the terms of their PPP loan to get coverage for additional eight week periods, and defer repayment of any remaining loan balance for the duration of the pandemic.

March 18, 2020 Press Release

WASHINGTON, D.C.  – Today, Governor Ralph Northam requested an Economic Disaster Loan Declaration for the Commonwealth of Virginia. This comes a day after Congresswoman Luria sent a letter to the Governor urging him to submit this request. An Economic Disaster Loan Declaration would ensure impacted small businesses are eligible to receive emergency resources now available from the Coronavirus Preparedness and Response Supplemental Appropriations Act signed into law earlier this month.

December 19, 2019 Press Release

WASHINGTON – Today, Congresswoman Elaine Luria (VA-02) announced the House’s passage of the United States-Mexico-Canada Agreement (USMCA) Implementation Act.

December 17, 2019 Press Release

WASHINGTON – Congresswoman Elaine Luria (VA-02) voted for two Fiscal Year 2020 appropriations packages advancing key priorities for Coastal Virginia and national security interests.

December 12, 2019 Press Release
WASHINGTON – Today, Congresswoman Elaine Luria (VA-02) announced the House’s passage of H.R. 5038, Farm Workforce Modernization Act of 2019. This bipartisan bill will help Coastal Virginia’s agricultural industry by implementing reforms that aim to address scarcities in labor.
December 5, 2019 Press Release

WASHINGTON – Congresswoman Elaine Luria (VA-02) today voted for H.R. 2534, the Insider Trading Prohibition Act. This bill would establish an explicit ban of the practice of insider trading.

Insider trading is the inappropriate use of nonpublic information to influence decisions on buying or selling securities. This unethical practice allows insiders and those who wrongfully obtained nonpublic information to profit at the expense of average investors.

November 15, 2019 Press Release
WASHINGTON – Congresswoman Elaine Luria (VA-02) today voted to reauthorize for ten years the Export-Import (Ex-Im) Bank, which supports American workers by financing the export of American-made goods from companies nationwide, including small businesses.
July 25, 2019 Press Release

WASHINGTON – Congresswoman Elaine Luria (VA-02) today voted in support of a bipartisan budget agreement that would permanently end the threat of sequestration, protect the full faith and credit of the United States, and promote military readiness in Hampton Roads and beyond.

July 18, 2019 Press Release

WASHINGTON – Congresswoman Elaine Luria (VA-02) today voted for the Raise the Wage Act, keeping her promise to stand up for Coastal Virginia’s working families.

Sponsored and introduced by Congressman Bobby Scott (VA-03), the Raise the Wage Act (H.R. 582) would increase the federal minimum wage from $7.25 to $15 over a six-year period.  

May 1, 2019 Press Release
WASHINGTON – Congresswoman Elaine Luria (VA-02) today pushed the House Committee on Transportation and Infrastructure to consider projects important to Virginia’s Second Congressional District as the panel develops its legislative agenda.
March 27, 2019 Press Release

WASHINGTON – Congresswoman Elaine Luria (VA-02) today joined a majority of the House in voting to pass the Paycheck Fairness Act, a bill that promotes equity in America, closes unfair loopholes, and provides effective remedies for women who are not getting equal pay for equal work.

An original cosponsor of the Paycheck Fairness Act, Congresswoman Luria cheered the bill’s House passage and urged the Senate to follow suit.

March 14, 2019 Press Release

WASHINGTON – Congresswoman Elaine Luria (VA-02) today announced she is an original cosponsor of bipartisan legislation that would increase accountability and oversight over private contractor-provided housing for military families, which have suffered from serious health, safety, and environmental problems.