A truly prosperous American economy is one that is diversified, driven by innovation, and works for all people. I believe that to achieve this across the country, we must embrace technology and use it as a vehicle to put people to work. I support advanced American manufacturing as well as a nationwide investment in high-tech apprenticeships and worker training programs.
Empowering a strong middle class will require an economy that benefits everyone, not just those at the top. And this starts by making good, technology-based jobs available and accessible across America. Enrico Moretti, a Berkeley economist, found that for every tech job, five other new jobs are created. This multiplier effect creates important service jobs such as baristas, doctors, lawyers, and dry cleaners, among many others.
I believe that working families are the backbone of this country, and that’s why I have made lifting them up a central part of my agenda. I am introducing a more than $1 trillion expansion of the earned income tax credit (EITC) that would provide a much-needed boost to American families to make up for wages lost to inflation over the past four decades.
I also support paid family leave, training programs for mid-career workers, and increasing the hourly minimum wage to $15. It is vital that we fight for working families, because they are the incubator of the American dream.
Consumer protection laws are Americans’ first lines of defense against unethical companies. These laws hold big corporations accountable and prevent harm to consumers. I support legislation that protects consumers and will oppose any bill to defund the Consumer Financial Protection Bureau.
Data breaches of major credit reporting bureaus demonstrate we need stronger laws to prevent situations like this from happening again. When you apply for a mortgage, credit card, auto loan, or almost anything having to do with credit, a company will check your credit report provided by the three private credit reporting companies.
What you can do to protect yourself
If you have a credit report, it is likely that your personal information was compromised by the Equifax data breach. Please take the time to go through the resources below and take the steps required to keep your identity safe.
- The Equifax Data Breach: What To Do (Federal Trade Commission)
- Identity Theft Protection Guide (Consumer Financial Protection Bureau)
- Top 10 ways to protect yourself in the wake of the Equifax data breach (CFPB)
- For Servicemembers: How to protect your identity (CFPB)
- Equifax isn’t calling (FTC)
What I am doing to protect you
In the wake of this disastrous breach of data and trust, I have signed onto the following bills that will help Americans respond to the Equifax hack now and protect your financial future.
- Credit Information Protection Act – Requires any credit reporting agency that suffers a data breach to allow consumers to initiate a security freeze on their information free of charge.
- Cyber VICTIM Act – Directs the President of the United States to designate a federal official as the Interagency Cyber Victim Response Coordinator.
- Personal Data Notification and Protection Act – Requires that companies and the FTC work together to notify affected individuals within 30 days of the discovery of a breach of sensitive personal information.
Click here to learn more about the bills that I introduced and cosponsored.
Read my op-ed in the Sacramento Bee on making the economy fairer for working families.
Read my op-ed in the Washington Post on how to improve U.S. manufacturing.
More on Economy
Rep. Ro Khanna (D-Calif.) said during an Axios virtual event that the Federal Reserve Board needs to be able to give loans in rural and minority communities, which have been some of the most affected during the coronavirus pandemic.
Why it matters: People in rural and minority communities have been disproportionally impacted by the coronavirus.
Washington, DC – Members of the Congressional Progressive Caucus (CPC), led by incoming Deputy Whip Ro Khanna (CA-17), CPC Chairwoman Pramila Jayapal (WA-07), and incoming Deputy Chair Katie Porter (CA-45), sent a letter to House and Senate leadership on Dec. 12th, calling for the inclusion of expanded Unemployment Insurance and other direct cash payments in any COVID stimulus deal. Direct cash assistance has been shown to be far more effective in delivering critically-needed aid to communities and stimulating our economy, compared to other programs like the Paycheck Protection Program.
Government is supposed to help people in need, not abandon them to their fates. But that’s not what’s happening here in the increasingly Dickensian United States, where both hunger and the shoplifting of basic necessities are on the rise, and the unemployed live in increasing despair.
“It’s unconscionable what’s taking place,” says Rep. Ro Khanna (D-Calif.).
Rep. Ro Khanna, D-Fremont, introduced a bill aimed at expanding job opportunities in science and technology.
The 21st Century Jobs Act would allocate $900 billion over 10 years for research and development in emerging technologies, such as climate science, synthetic biology, artificial intelligence and advanced manufacturing.
It would further create a Federal Institute of Technology with 30 centers placed in locations that currently lack prominent technology facilities.
Silicon Valley Congressman Ro Khanna, the representative of one of the more economically muscular districts in the history of the nation, has introduced sweeping legislation — the 21st Century Jobs Package — aimed at bringing communities left out of digital and technical jobs and wealth growth, now concentrated in places like San Francisco and Austin, Texas, to rural swaths of the United States.
Rep. Ro Khanna, D-Calif., introduced legislation this week in the House to make a massive $900 billion investment in science and technology to expand Silicon Valley jobs to America's heartland and to ensure the United States retains its technological edge over China.
Khanna shared his vision for the legislation back in May for Fox News' Big Idea segment on how to create regional tech hubs that could spur jobs, education and innovation in rural America and minority communities throughout the United States.
A congressman representing Silicon Valley is proposing the creation of a federal agency and a new workforce-focused set-aside for federal contracting as part of a plan to invest in technology education and job opportunities in rural areas.
On Tuesday, Rep. Ro Khanna, D-Calif., introduced the 21st Century Jobs Package, which includes several provisions that would directly affect federal agencies, such as the creation of a new agency: the Federal Institute of Technology, or FIT.
Rep. Ro Khanna (D-Calif.) and several other House Democrats introduced legislation on Tuesday to invest in and train a technologically proficient workforce for the future.
The 21st Century Jobs Act would invest $900 billion over ten years in research and development efforts around emerging technologies including artificial intelligence (AI), cybersecurity and biotechnology, along with prioritizing science, technology, engineering and mathematics (STEM) education.
Washington, DC – Today, Rep. Ro Khanna (CA-17) introduced a landmark jobs package to ensure the future of work is accessible to every American and that the U.S. leads the digital age. Khanna’s plan will create a Federal Institute of Technology (FIT), with approx. 30 locations spread across the country, and allocates $900 billion in R&D funding for emerging technologies like Advanced Manufacturing, Synthetic Biology, Artificial intelligence, Biotechnology, and Cybersecurity.
The 21st Century Jobs Package also includes:
Washington, DC – Today, Rep. Ro Khanna (D-CA) introduced the CHARGE Act (Charging Helps Agencies Realize General Efficiencies) in the U.S. House of Representatives in an effort to incentivize government agencies to purchase and utilize electric vehicles in their work.