The Auto Lending CRA Resolution of Disapproval (S. J. Res. 57)
Apr 17 2018 06:12 PM
Senator Schatz: (5:34 p.m.)
- Spoke on the auto lending rule.
- "I'm they're give some brief remarks about what we're on right now, which is a Congressional Review Act vehicle to reconsider agency guidance. Now, there's nothing that sounds more arcane and wonky than that. The issue at hand has to do with disparate treatment of people when they go into a - borrow to get a car that there's plenty of evidence that black and Brown people are taken advantage of and treated more poorly in the credit context than white people. And so the CFPB went to collect data and to require that people were treated fairly. And so I'll be voting against this C. R. A. vehicle, by I actually think there's a bigger, broader, more concerning issue. And I'm going to be trying to work with the parliamentarian's office and with the leadership of both parties to address it because although it's arcane, it's very worrisome for the Senate itself. "
Senator Heller: (5:43 p.m.)
- Spoke on tax reform.
- "More bonuses, pay raises, enhanced benefits as a direct result of tax reform. Let me share a few of those in my home state. About 11,000 Nevadans got a raise. Roughly 13,000 Nevadans received special bonuses of up to $2,000. Up to 25,000 Nevadans May benefit from college tuition assistance. Increased pension funding, expanded maternal and paternal its employees a $500 bonus and raised its starting wages. McDonald's, which has around 9,000 employees in my state, is expanding its education benefits program, tripling the amount of money that eligible workers can receive to help cover the costs of college tuition."
Senator Portman: (5:53 p.m.)
- Spoke on tax reform.
- "Although what's happening already this year is that the paychecks are changing. Why? Because the I. R. S. is saying that the employees are going to get more money in their paycheck because the employers are going to withhold less as we go into the year 2018 because the tax proposals are in effect as to the beginning of this year. So even though this is the last time that we are going to have to file under the old code, already people are seeing some of the benefits of tax reform. When I go around Ohio, I talk to people. They say Rob, my paycheck has already changed. That's because 90% of Americans are now being told they will have less withholding taken out of their paychecks, again because of the lower tax rate, doubling the child tax credit, doubling the standard deduction."
Senator Klobuchar: (6:03 p.m.)
- Spoke on children on the floor.
- "Senator Duckworth has made history in many ways, but she is the first sitting U. S. senator to give birth while in office. Some have pointed out that it is remarkable that it took so long to have a senator that gave birth while in office, and I think it does speak to the fact that while we're a growing number of women in Congress, there is still not that many and it is changing. We currently have 23 women senators, which is an all-time record, more than at any time in history and we're seeing record levels of women run for office. It is inevitable that in the future more women will have kids during their time in the Senate."