Lankford, Cardin, Cortez Masto, Tillis

The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155)

Senator Lankford: (11:04 a.m.)

  • Spoke on Dodd-Frank relief.
    • "There's about 900 Oklahomans, there are farmers, ranchers, folks that some people in this room fly over. There are good families that live in that great town. Many have great credit scores and have and pay the bank back. I've been a long-time customer of this bank and in many instances the bank employees and the people in the bank have grown-up together. They know each other, but they also understand seasonal income. When you're a farmer or rancher that doesn't come in with a w-2 every single week or every month, it comes in seasonally, so they understand the credit risks there."

 

Senator Cardin: (11:19 a.m.)

  • Spoke on National Women's Day.
    • "By reinstating and expanding the global gag rule, president trump is denying millions of women and their families access to critical health care services and endangering their lives and the lives of their children. International women's day is an appropriate time to remind my senate colleagues that we must end the global gag rule once and for all. It was also recently reported that the state department is removing references to women's rights from this year's human rights report. I'm troubled to learn that the trump administration apparently doesn't feel that women's rights are important enough to include in our conversation on human rights. I was equally troubled to learn that the State Department removed gender equality integration from the foreign affairs manual."

 

Senator Cortez Masto: (11:30 a.m.)

  • Spoke on the Fair Housing Act.
    • "The difference here is that Rochelle was black. This story did not take place in 1930 when it was legal for housing lenders to discriminate on the basis of race, and it did not take place in 1968, the year that banks were banned from using race as a factor in deciding home loan applications. It took place less than two years ago in 2016. Today, 20 years after the passage of the Fair Housing Act, stories like Rochelle's experience is too common. We know that Rochelle was a victim of red lining. It is a term that describes the practice of denying goods or services to people on the basis of the color of their skin."

 

Senator Tillis: (11:39 a.m.)

  • Spoke on Dodd-Frank relief.
    • "My father did not have a lot of cash on hand. The way he did it, if it was an insurance job, you would bid on it, know how much money you would make at the end and then go to the bank and get what is known as a 90-day note. Most of the projects were about 60 or 90 days. You would go to a banker that you built with - built a relationship with and you would go to him and he would write you a loan and you had to pay it back in 90 days. Today, in the post-crisis world, that virtually never happens. Today we don't have community banks and personal banking relationships that people can rely on to get access to capital."