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Clayton: I Expect SEC To Pave The Way To Let Less Wealthy Investors Put Money In Private Funds Soon – Forbes

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Securities and Exchange Commission Chairman Jay Clayton says today he is expecting the five-member Commission to pave the way in the near future to let less wealthy individual investors put their money into private funds.

Speaking to the Senate Banking Committee today, he said there is a need to recognize a number of savvy people may not meet the SEC’s “accredited investor” wealth threshold to invest in hedge funds and other private equity.

He acknowledged there are risks in the private markets not in public markets.

At the start of the hearing, Banking Committee Chair Idaho Republican…

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Klobuchar, Smith announce $1.75M grant for Great Lakes restoration – Brainerd Dispatch

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Sens. Amy Klobuchar, D-Minn., and Tina Smith, D-Minn., announced Monday, Dec. 9, the U.S. Environmental Protection Agency awarded the Minnesota Department of Natural Resources a $1.75 million supplemental Great Lakes Restoration Initiative grant to continue restoration efforts in the St. Louis River estuary area of concern in Lake Superior.

This supplemental grant brings the total restoration initiative investment in the project to $7.77 million and represents a larger effort to restore and protect the Great Lakes, a news release…

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Report: Return of Medical Device Excise Tax Would Cripple Innovation – Watertown Public Opinion

The medical device excise tax, which has been suspended since 2016, will return in 2020 baring action from Congress between now and the end of the year. To ascertain the real impact of the tax, the Medical Alley Association took a survey of its members that will be affected by the tax’s return to find out what steps they will be taking to mitigate its impact. Though the ways the tax will impact businesses fall in line with expectations, the near unanimity of the results was quite surprising:
Farmers’ Despair Pushes States to Act – The Pew Charitable Trusts
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Farmers’ Despair Pushes States to Act – The Pew Charitable Trusts

On most days, therapist Becky Kopp-Dunham counsels farmers and other clients across 10 North Dakota towns from her home office on a crop and cattle farm in Morehead, Minnesota.  With a reliable internet connection and videoconferencing service, Kopp-Dunham can inform and treat patients in rural and remote places. “I’m a hands-on therapist, so I do a lot of art and games and music and movement, and I thought, ‘How am I going to be able to pull this off? We’re just on a screen. But I’ll try it,’” Kopp-Dunham said.
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Senators Push To Give Contract Workers Federal Shutdown Wages – CleanLink

Democratic senators, including U.S. Senator Sherrod Brown of Ohio and Tina Smith of Minnesota, took to the senate floor recently to revive efforts which would provide backpay to the contract workers who lost wages during the government’s 35-day federal shutdown last winter. The workers the senators are trying to gain back pay for earn low wages, many of them as janitors. Most of the workers are not employed by the federal government, but rather the companies to which the services are contracted out.
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2020 Senate outlook: A few GOP incumbents look vulnerable – Hot Air

.....declining approval ratings may be a warning sign for endangered Republican incumbents in battleground states. The partisan lean metric in the table above measures how much more Democratic- or Republican-leaning a state is than the country as a whole,3 and all five GOP senators defending seats in states with a partisan lean of less than R+10 saw their approval ratings worsen in the third quarter of 2019, according to data from Morning Consult. And all but one — Arizona Sen. Martha McSally — has a net negative rating (approval rating minus disapproval rating)
Senate turns back challenge to short-term health insurance extensions – Star Tribune
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Senate turns back challenge to short-term health insurance extensions – Star Tribune

The Senate defeated a resolution Wednesday that would have overturned a Trump administration rule that lets states extend short-term health insurance policies for up to three years as a substitute for traditional coverage. The short-term policies do not cover pre-existing conditions and require no minimal protections and place no limits on deductibles or copays. Fifty-two senators, all Republicans, voted to leave the rule in place after a debate over how it would affect Americans. Only Maine Sen. Susan Collins broke ranks with her party.
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Trump Rally in Mpls Stirs Passion on Both Sides – KDUZ/KARP Radio

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(Learfield News Service/Mpls, MN) “Thank you Minnesota, this is a great state, we are going to win this state in a very short period of time, thank you.” And with that, President Donald Trump began what would be a 90-plus minute rally speech Thursday night at Target Center to thousands of supporters.

Trump said draining the swamp has “energized” him. And he said in the coming 2020 election”the Democrats brazen attempt to overthrow the government will produce a backlash at the ballot box the likes of which they have…

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What’s this ‘we’: How involved was Amy Klobuchar in the campaign to defeat the marriage amendment? – MinnPost

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In 2012, 51 percent of Minnesota voters voted “no” on a constitutional amendment to ban same-sex marriage.

In 2012, voters in Minnesota decided against amending the Minnesota Constitution to ban same-sex marriage.

The month before the election, polling for the marriage amendment was neck and neck. Forty-eight in favor. Forty-seven against. A week later, forty-seven in favor. Forty-eight against. Minnesota did become the first state to defeat a ballot initiative of this kind. But the defeat wasn’t by a large margin: 51 percent voted “no.”

Speaking at…

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Wind – US bill to increase investment in wind energy – Renewable Energy Magazine

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The new legislation will sustain and enhance the Department of Energy’s Office of Wind Energy while also increasing investment and supporting jobs in the wind industry. It will renew and expand the Office of Wind Energy and award competitive grants to improve the energy efficiency, reliability and capacity of wind energy generation.

The wind energy sector supports more than 114,000 American jobs and provides more than $1 billion in revenue each year for states and local communities. Senators Smith and Collins say that federal support for wind research and development has already…

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Pence, wife also coming to Minnesota as Trump makes push; Lakeville, St. Paul events planned – St. Paul Pioneer Press

Excerpt:

Vice President Mike Pence will visit a sign company in Lakeville on Thursday ahead of President Donald Trump’s Minneapolis rally that evening, Pence’s office said Monday.

Pence’s afternoon stop at Safety Signs will follow his wife, second lady Karen Pence, and presidential daughter-in-law Lara Trump hosting an event for the group “Women for Trump” at St. Paul’s Union Depot on Wednesday evening.

The events are part of a multi-pronged thrust this week as Trump makes a serious 2020 campaign push to be the first Republican presidential candidate to win Minnesota since 1972.

Vice…

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