Congressman Stephen Lynch (D-MA 8) and Congresswoman Ayanna Pressley (D-MA 7) introduced a bill that would develop an electronic version of the U.S. dollar. “As digital payment and currency technologies continue to rapidly expand and with Russia, China, and over 90 countries worldwide already researching and launching some form of central bank digital currency, it is absolutely critical for the U.S. to remain a world leader in the development and regulation of digital currency and other digital assets,” said Rep. Lynch, Chairman of the Task Force on Financial Technology. “By establishing a pilot program within Treasury for the development of an electronic U.S. Dollar, the ECASH Act will greatly complement and advance ongoing efforts undertaken by the Federal Reserve and President Biden to examine potential design and deployment options for a digital dollar. Importantly, this pilot program will also preserve a role in our financial system for smaller anonymous cash-like transactions which are currently transacted in physical dollars and which have seen a rapid decline in use.”
The White House previously announced an executive order on March 9 instructing numerous federal agencies to study digital assets and provide numerous reports about their use and proposals that could regulate them. The hope of this legislation is to promote greater financial inclusion, maximize consumer protection and data privacy, and advance U.S. efforts to develop and regulate digital assets.
On a tour of Ellis Early Learning, Congresswoman Ayanna Pressley may not have been planning to comfort a little lady. But that's exactly what happened during a recent visit.
When you’re having a rough morning at daycare and @AyannaPressley is there to help you out. @EllisEarlyLearn @NVSBoston pic.twitter.com/SBUBu9JLvT
— Corey Welford (@CoreyWelford) October 14, 2021
Pressley visited EEL on Oct. 14, and was also there to promote the Build Back Better Act (BBBA) that President Biden is pushing to pass.
The Biden administration heard the calls for help and after letting a federal eviction moratorium end on Aug. 1, reversed course and issued a new moratorium running through Oct. 3. The federal moratorium was issued by the Centers for Disease Control and Prevention (CDC). The new ban applies to parts of the country experiencing what the CDC refers to as "substantial" and "high" spreads of COVID.
The CDC's eviction moratorium expired August 1, but rental assistance resources are available through the city's Office of Housing Stability. Congresswoman Ayanna Pressley is also pushing legislation to extend the moratorium. You can apply for rental assistance through the city's Office of Housing Stability by visiting their website here. The Office of Housing Stability hosts a virtual clinic for small landlords and tenants every Tuesday at 5:30 pm. Complete the online form to RSVP for this virtual clinic. The Office of Housing Stability also host virtual walk-in hours on Wednesday from noon to 2 pm to answer your housing questions.
Congresswoman Ayanna Pressley virtually testified on Monday at a Massachusetts State House hearing on redistricting the 7th Congressional District, the district she currently represents. During the Joint Committee on Redistricting hearing, Pressley shared constituent stories and testified to the importance of centering racial and economic diversity in the redistricting process and keeping municipalities whole if possible. "As I have said before, the Massachusetts’ 7th Congressional District is incredibly diverse and vibrant, but also one of the most unequal in the country. The COVID-19 pandemic has been devastating for every community--but by almost every metric, the hardest hit communities per capita in the Commonwealth are concentrated in the Massachusetts 7th—Chelsea, Everett, and Randolph. This is not random, it's not a coincidence.