Wrap Up (The Senate Stands Adjourned), Portman

Wrap Up

Tomorrow -

  • The Senate will convene at 9:30 a.m.
  • Following leader remarks, the Senate will resume consideration of the motion to proceed to S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, post-cloture.

 

Senator Portman: (6:46 p.m)

  • Spoke on Dodd-Frank relief.
    • "They also are very involved in our communities. So these community banks, which are really the backbone of America's financial sector, are what this bill is primarily about. The bill on the floor this week makes it easier for them to extend credit, loans, and mortgages, and provide other products and services to working families in Ohio and around the country. The legislation does more than that, though. It also focuses on the regional banks in Ohio. These are banks that were not part of the financial crisis. They had nothing to do with it. But despite that, they have been required to live under the onerous, systematically important financial institution rules and regulations."
  • Spoke on tax reform.
    • "Another economic issue, Mr. President, I want to talk for a minute about the good news coming out of my state of Ohio with regard to the tax reform legislation. In just the past few weeks, I visited eight separate businesses across the state talking about this issue, asking them what's been the impact of the tax reform bill, what are you doing with your savings? Three of these I want to talk about tonight briefly."
  • Spoke on preventing sex trafficking.
    • "Last week, the House of Representatives actually offered the SESTA legislation as an amendment on the floor to a broader bill, and it passed by an overwhelming vote, over 300 votes. Just a couple days later, the White House expressed their support for this legislation. It is now the Senate's turn to act on this critically important issue. Leader McConnell here, the leadership in the Senate, again has made a commitment to me and my colleagues that we will hold a vote on this sex outrage legislation, the SESTA legislation in the next couple of weeks. We now have 67 senate cosponsors for SESTA. That's not typical around here."