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David McKinley

David McKinley (R)

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Notable statements

Rep. David McKinley has 2 statement(s) about crypto.

"Today’s E&C oversight hearing was Democrats attempt to divert attention from Biden’s failures by talking about cryptocurrency...Instead of focusing on real issues: Rising energy prices Empty store shelves Runaway inflation Healthcare worker shortage Opioid crisis Open borders Plus, Democrats have not held a hearing in this subcommittee in four months.... My full comments during today's hearing:"

@RepMcKinley January 20, 2022 on Twitter

"Rep. David McKinley (R-W.Va.), the ranking member of the Energy and Commerce Subcommittee on Environment and Climate Change, defended cryptocurrency miners against potential regulations that would force companies to rely on renewable energy for powering their mining rigs. McKinley called those sorts of proposals “discriminatory” and compared them to “redlining” — a term typically used to describe racially motivated housing discrimination. “(Companies are) being advised to use green energy, to depend on renewables only. … Doing that would redline fossil rich-dependent states like West Virginia and elsewhere,” McKinley said. “We’re picking winners and losers.”"

E & E News Daily February 2, 2022

Crypto bill sponsorship

Rep. David McKinley has put out 1 crypto bill.

Global Investment in American Jobs Act of 2021

H.R. 2907

117th Congress

Co-sponsored
Bill pending

This bill requires the Department of Commerce to conduct an interagency review of the global competitiveness of the United States in attracting foreign direct investment and addressing foreign trade barriers that firms in advanced technology sectors face in the global digital economy.

Such review shall include an assessment of (1) the current economic impact of foreign direct investment in the United States, (2) trends in global cross-border investment and data flows, (3) federal government policies that are linked to the ability of the United States to attract and retain foreign direct investment, and (4) the adequacy of federal government efforts to increase the ease for foreign firms considering investment in the United States.

Commerce must report the findings of such review and submit recommendations for increasing the global competitiveness of the United States in attracting foreign direct investment and developing new technologies and services.

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