Ground Report

A quick review of some of the correspondence received in the clerk’s office of the US House of Representatives on January 12, 2015 includes some interesting letters.

One in particular is a communication from the President of the United States dealing with Russia.

Reference:

EC-218. A message from the President of the United States, transmitting, pursuant to law, a report relative to the issuance of an Executive Order to take additional steps to address the Russian occupation of the Crimea region of Ukraine, with respect to the national emergency declared in Executive Order 13660 of March 6, 2014, received during adjournment of the Senate in the Office of the President of the Senate on December 19, 2014; to the Committee on Banking, Housing, and Urban Affairs.

Source: Congressional Record

Note: It is unclear what these “additional steps includes.” I suspect we are talking about new economic sanctions, since it specifically mentions the “Committee on Banking, Housing an Urban Affairs” but I can’t be sure just yet.

The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency) has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development and mass transit, and government contracts.

If implications of new sanctions against Russia is a grave mistake and will only escalate an already tense situation ultimately harming the US economy itself .

See related video:  Russian troops seize control of Ukraine airports https://www.youtube.com/watch?v=KFZu_NN_WFw

See video: President Obama Speaks on Ukraine  https://www.youtube.com/watch?v=P27AaOqbDa4

See video: Putin on US economic sanctions https://www.youtube.com/watch?v=JBSzJ2wzb0s