Enzi, Fischer, Merkley, Crapo, Whitehouse

Motion to Proceed to the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155)

Senator Enzi: (2:13 p.m.)

  • Spoke on Dodd-Frank relief.
    • "And I opposed its creation during the debate. I opposed it because it is not a government agency under any way, shape, or form or rule that we have. There is no control whatsoever over this group. The makeup of the bureau is quite unique in that a sole director rather than a bipartisan commission is the singular decision-maker of the agency. And doesn't even require approval by congress for who that person is or the length of their term. Furthermore, the bureau is not subjected to an appropriations process, having guaranteed money from the Federal Reserve to fund the agency's existence. How does that work? They get a percentage of the revenue of the Federal Reserve that would normally be allocated, they get it before the federal government."

 

Senator Fischer: (2:22 p.m.)

  • Spoke on Dodd-Frank relief.
    • "Over the course of the past year, I've received an overwhelming amount of positive feedback from people and businesses across Nebraska about this bill, but the outpouring of support from community banks and credit unions has been particularly notable. These institutions are the pillars of our local communities. They sponsor local little league sports teams, they provide scholarship funds, they award grants to students. The prosperity of America's small financial institutions is directly tied to the success of the communities that they serve. These institutions from Eastern Nebraska to the panhandle have shared with me their support for this bill that we have before us today."

 

Senator Merkley: (2:35 p.m.)

  • Spoke on Dodd-Frank relief.
    • "When the economy came down, the wealthy and well off did very well. They picked up properties at pennies on the dollar. But who was hurt. The American people were hurt. The American workers were hurt. They lost their jobs. They lost their retirement. They lost certainly so much in terms of the financial foundation for their family. And yet here we are again. We seem to have forgotten that when you let the big banks rampage through our economy, you're setting the stage for another big mess. High-risk gambling on wall Street, destroying America's financial lives, lost homes, lost jobs, lost retirement savings."

 

Senator Crapo: (2:52 p.m.)

  • Spoke on nuclear energy.
    • "This measure is a result of strong bipartisan measures on many members. A number of senators have worked with us on this legislation. I want to give special thanks to Senator Whitehouse who is here with us today. He has been my tireless partner in this effort. Thank you, senator white house, for your hard work and the assistance of your staff. Sometimes even on the easiest of legislation - and this was not in that category. This was a critical, strong piece that has taken a lot of attention, but sometimes it just takes a lot of work and effort and time. I appreciate Senator Whitehouse's efforts to stick with us as we actually help move this ball forward as we have tried to get this across the finish line."

 

Senator Whitehouse: (2:59 p.m.)

  • Spoke on nuclear energy.
    • "This bill, the nuclear innovation and capability act has been so well summarized by Senator Crapo that I won't go back and resume rise it but I will emphasize that I think and it's our intention that it provide an opening for nuclear innovation into next generation, third generation, even fourth generation nuclear technologies with the goal that we can compete effectively enterally, to be the producers of clean, safe nuclear energy and with the hope, and at this point I think it's somewhere between a hope and a prospect, that this technology will develop to the point where we can begin to look at our existing nuclear waste stockpile and use these new technologies to turn hazardous and dangerous nuclear waste for which we have no present plan into something that is valuable and can help create energy."