Ted Kaufman - United States Senator for Delaware

KaufmanConnection: Creating and Saving Jobs in Delaware and Protecting Americans from Health Care Fraud

November 17, 2009

Senator Ted Kaufman's E-Newsletter

Delaware Hits $1 Billion Mark in Recovery Funds

Delaware Hits $1 Billion Mark in Recovery Funds

On Oct. 26, Ted, along with other state and federal officials, announced that Delaware has received commitments of more than $1 billion in American Recovery and Reinvestment Act (Recovery) funds. Thanks to the Recovery funding, upwards of 3,000 jobs have been created or retained in the state this year. “We are on track to strengthen our economy and get people back to work,” Ted said. “As more money is received and spent in Delaware, more jobs will be saved and created. There is a light at the end of the tunnel. The Recovery Act is the best way to get us there.”

Ted Targets Health Care Fraud with Latest Bill

Ted Targets Health Care Fraud With Latest Bill

Health care fraud costs Americans between $72 to $220 billion annually. Building on the fraud-prevention efforts included in the Senate’s health care reform bill, Ted introduced a bill in October to strengthen criminal penalties for health care fraudsters. The legislation would further increase the government’s capacity to investigate and prosecute waste, fraud and abuse in both government and private health insurance. Ted’s theory: reducing waste in the health care system is key to bringing down health care costs.

Watch a video of Ted's introduction of the bill on the Senate floor »

Ted Testifies Before Senate Banking Subcommittee

Ted Testifies Before Senate Banking Subcommittee

Ted, who has been urging the Securities and Exchange Commission (SEC) to undertake a comprehensive, “ground-up” review of a broad range of opaque market structure issues – including high frequency trading and dark pools – recently testified at a Senate Banking Subcommittee hearing. “Our foremost policy goal should be to restore the markets to their highest and best purposes: serving the interests of long-term investors, establishing prices that allocate resources to their most productive uses, and enabling companies – large and small – to raise capital to innovate, create jobs and grow,” he said.

Read more»

Watch a video of Ted's opening statement>>

If you need help dealing with a federal agency, please contact one of my Delaware offices or visit the Services for Delawareans page to learn more about how I can assist you. My staff and I will respond as quickly as possible. WILMINGTON
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