In The News
IRS Finalizes OZ Regulations Just As Senators Take New Aim
Monday | December 9, 2019by Matthew Rothstein
The long-awaited finalization of the rules governing opportunity zone investing are finally ready - but there's one final step. On Friday, the IRS and Treasury Department submitted their final set of regulations to the Office of Management and Budget, which will now review them before they can be released to the public. There is no set deadline for the OMB's review process, but the White House is exerting pressure to finish before the end of the year, said Steve Glickman, who helped craft … Continue Reading
Scott Leads Bipartisan Passage of the FUTURE Act to Annually Fund American HBCUs and MSIs
Monday | December 9, 2019WASHINGTON-The United States Senate today passed a bipartisan amendment to the House-passed FUTURE Act sponsored by Senator Tim Scott (R-SC), Senate Education Committee Chairman Lamar Alexander (R-Tenn.), Ranking Member Patty Murray (D-Wash.), and Senators Doug Jones (D-Ala.), Richard Burr (R-N.C.), and Chris Coons (D-Del.) to make permanent $255 million in annual funding for Historically Black Colleges and Universities and Minority Serving Institutions (MSI), simplify the Free Application for … Continue Reading
Warner, Scott introduce bill to improve hiring, retention of senior caregivers
Saturday | December 7, 2019U.S. Sens. Mark Warner (D-VA) and Tim Scott (R-SC) introduced the Ensuring Seniors Access to Quality Care Act to help senior living facilities caring for aging adults to better screen, hire, and retain quality staff. The Ensuring Seniors Access to Quality Care Act would provide nursing home operators with access to the National Practitioner Data Bank (NPDB) - an existing national criminal background check system - a move that would give employers greater ability to screen and vet potential … Continue Reading
What's in a Bipartisan Pitch to Simplify the FAFSA
Friday | December 6, 2019by Andrew Ujifusa
A bipartisan group of senators has agreed on a pitch to simplify the process of applying for federal student aid for higher education. The proposal to simplify the Free Application for Federal Student Aid-known by one and all as the FAFSA-represents possible progress for those hoping that Congress will make it easier for K-12 students to make the transition to higher education. The concept of making the form easier for students has been the subject of several proposals in recent years. Some … Continue Reading
Senate passes bipartisan bill to permanently fund historically black colleges
Thursday | December 5, 2019by Justine Coleman
A bipartisan bill to permanently fund historically black colleges and universities (HBCUs) and other minority-serving institutions passed in the Senate Thursday. The bill intends to provide $255 million annually for these institutions using money obtained from the Free Application for Federal Student Aid (FAFSA) Act. It will also simplify the FAFSA application by removing 22 questions and get rid of the "bureaucratic verification nightmare for most students," according to a release. The … Continue Reading
Permanent funding for HBCUs may get Senate, House approval
Thursday | December 5, 2019by Bradley Harris
After stalling a bill that allocates nearly $300 million in federal money for historically black colleges and universities, the U.S. Senate has proposed an amendment to make the funding permanent. The House is expected to go along with the change. The Fostering Undergraduate Talent by Unlocking Resources for Education Act provides $255 million in funding for HBCUs and minority-serving institutions within Title III of the Higher Education Act. On Dec. 4, Sen. Lamar Alexander, R-Tenn. -- … Continue Reading
U.S Senator Tim Scott visits Tri-County Tech for meet and greet
Tuesday | November 26, 2019Photos can be found at the link … Continue Reading
Scott makes quick Laurens visit
Tuesday | November 26, 2019by John Clayton
Sen. Tim Scott (R-S.C.) held a short question-and-answer session Tuesday at the Laurens County Chamber of Commerce, addressing some of the problems facing local farmers, immigration and the high price of health care. Scott's staff arranged the visit through the Chamber and the Laurens County Development Corporation and spoke to a small crowd of around 40 people. Glen Easter, owner of Eastglen Dairy Farm in Laurens, voiced concerns over the falling price of dairy due in part to the Trump … Continue Reading
U.S. Senator Tim Scott talks opportunity zones in Rock Hill, S.C.
Tuesday | November 26, 2019by Alex Zietlow
U.S. Senator from South Carolina, Tim Scott, visited Rock Hill on Tuesday afternoon to talk about his legislation - opportunity zones - and community development. Video at the link … Continue Reading
Opinion: Why Health Insurance Tax could mean skyrocketing premiums
Sunday | November 24, 2019Whether I am home in Charleston or visiting with South Carolinians in Washington, D.C., I hear this concern echoed time and again: Health care costs are too high for too many. Indeed, the latest government projections show that health-care spending continues to increase at a rate of 5.5% annually - faster than wages or inflation - and will consume nearly 20 percent of our economy by 2027. In light of this trend, you'd think Congress would be taking steps to lower consumers' health-care … Continue Reading
Opportunity zones attract developers to hard-hit communities
Thursday | November 21, 2019by John Jeter
Let's say you just made a tidy haul in real estate, stock trades or hedge funds or from selling your business - with capital-gains taxes as high as 23%. Now, you can invest those returns in a low-income neighborhood, and IRS will thank you with a tax deferral for years. Welcome to "opportunity zones," an economic-development initiative that South Carolina Republican Sen. Tim Scott and New Jersey Democratic Sen. Cory Booker tucked into the congressional 2017 Tax Cuts and Jobs Act. In … Continue Reading
Find way to foster opportunity
Wednesday | November 20, 2019South Carolina Republican U.S. Sen. Tim Scott was an architect of legislation creating Federal Opportunity Zones to foster private investment in low-income communities via tax incentives. Scott wrote in September: "Today, there are over 52 million Americans living in distressed communities. … My Opportunity Zones initiative, part of the 2017 Tax Cuts and Jobs Act, aims to bring long-term private investment to economically distressed communities, potentially unleashing $6 trillion in … Continue Reading
Sen. Tim Scott on impact of impeachment hearings
Friday | November 15, 2019South Carolina Sen. Tim Scott on many Americans opposing impeachment and the inquiry's impact on 2020. You can watch the full video … Continue Reading
South Carolina Senator Tim Scott on Giuliani’s role in the Ukraine controversy, his personal journey and more
Friday | November 15, 2019Washington, D.C. - "Full Court Press with Greta Van Susteren" on Sunday, November 17, 2019, features an interview with South Carolina Senator Tim Scott. In the interview, Scott discusses Giuliani's role in the Ukraine controversy and Scott's personal journey, among other topics. Click here to watch excerpts from the … Continue Reading
Sen. Scott Leads Letter to Treasury Regarding International Insurance Capital Standard Negotiations
Thursday | November 14, 2019WASHINGTON, Nov. 12 -- Sen. Tim Scott, R-South Carolina, issued the following news release: Today, Senator Tim Scott (R-SC), along with Senator Mike Rounds, Senator Kyrsten Sinema, and 27 Senators lead a bipartisan letter to Secretary of Treasury Steven Mnuchin, urging members of Team USA to seek a clear pathway to formal recognition of the U.S. insurance regulatory system as "comparable" or "outcome equivalent" to the ICS. Additionally, they call on members of Team USA to oppose adoption of … Continue Reading
Editorial: South Carolina should lead on Opportunity Zone development
Saturday | November 9, 2019Cities and counties across South Carolina are working to take advantage of the anti-poverty Invest in Opportunity Act that was part of the 2017 tax reform bill. Our state ranks 10th in the nation in the percentage of its population living below the federal poverty line, and stands to benefit greatly if the act succeeds. Republican Gov. Henry McMaster and the Legislature should take further steps to ensure that South Carolina is a national leader in realizing the aims of the act, which directs … Continue Reading
Sen. Tim Scott: Tax reform is helping our economy, and communities most in need
Thursday | November 7, 2019As Democratic presidential candidates promise to repeal the 2017 tax reform law and trip over themselves trying to determine who wants to tax Americans at the highest rates, it's important to remember one thing: the Tax Cut and Jobs Act (TCJA) is working. I wrote and championed a key part of the tax reform package aimed at helping our communities most in need, the Opportunity Zones initiative. Chosen by governors and mayors, not Washington bureaucrats, Opportunity Zones and the communities … Continue Reading
Scott Praises HHS decision to protect religious liberty
Monday | November 4, 2019On Friday, United States Senator Tim Scott (R-SC) released the following statement following the Department of Health and Human Services (HHS) decision to repeal the regulation that threatened faith-based foster care and adoption agencies in South Carolina. "It is fitting that this National Adoption Month, HHS has sided with our most vulnerable children in restoring the rights of the faith-based adoption agencies who care for them," said Senator Scott. "South Carolinians can rest assured that … Continue Reading
US Sen. Tim Scott, Womble Bond Dickinson Attorney Stephanie Few Discuss Opportunity Zones
Tuesday | October 29, 2019US Sen. Tim Scott (R-SC) was the architect of federal Opportunity Zone legislation designed to drive private investment and job creation in America's poorest neighborhoods. Sen. Scott remains one of the most enthusiastic champions of the Opportunity Zones program and at the recent South Carolina Opportunity Zone Summit, he and Womble Bond Dickinson attorney Stephanie Few had a "Fireside Chat" about the successes, challenges and promises of Opportunity Zones. Few, who works extensively with … Continue Reading
SENATE TO VOTE ON FUNDING FOR ‘HEIRS PROPERTY’ INITIATIVE
Monday | October 28, 2019by Chuck Abbott
The 2018 Farm Bill included a provision to make it easier for farmers operating on so-called heirs property - land that passed from one generation of a family to another without a clear title - to obtain a USDA farm number and, thus, gain access to a multitude of government programs. The Senate is scheduled to vote this afternoon on an amendment by Alabama Senator Doug Jones to provide $5 million for a relending program that would be a step toward resolving ownership issues. One expert … Continue Reading
