Schumer, Cornyn, Barrasso

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

Senator Schumer: (9:52 a.m)

  • Spoke on China.
    • "Now, Mr. President, President Trump's instincts on China are correct, but his execution is poor. He should stick with those instincts, not let those who label anything we do to protect America against China's rapacious policies as protectionist, but at the same time he should fix his plan so it really does what he intends it to do or wants it to do. So I have been one of the chief critics of status quo on trade. Americans - and I share this -- resent all those academics who any time you try to do anything with China, they say protectionist, trade war. The bottom line is simple. China's eating our lunch. China's rapacious."
  • Spoke on infrastructure policy.
    • "Frankly, President Trump's plan, to put it kindly, president trump's plan on infrastructure was underwhelming. It's gone over like a lead balloon. And it's very simple why. After a year of bold promises about trillion-dollar infrastructure, a plan to build, quote, gleaming new roads, bridges, highways, railways and waterways across our land, President Trump's infrastructure plan proposed no new net increase in infrastructure funding. It put in $200 billion and then took it away by cutting the existing programs of infrastructure."

 

Senator Cornyn: (10:04 a.m)

  • Spoke on Dodd-Frank relief.
    • "That's where people go when they want to buy a house and they need a mortgage, when they need some start-up money for a new business, where they need to go borrow money, for example, to buy seed and equipment to plant a crop if you're in the agriculture sector. That's where they get access to credit, and that's why it's so important. And unfortunately, since the Dodd-Frank law passed in 2010, we've seen a lot of that access to credit, particularly among small and medium size banks and credit unions dry up, because what they had to do is they had to hire more people but not for the purpose of making more loans."

 

Senator Barrasso: (10:56 a.m)

  • Spoke on health care.
    • "Making it permanent protects people. It protects people so that a future administration doesn't do what President Obama did and try to wipe out choices for Americans. So this legislation I'm introducing today gives people a choice to have these plans for not just 90 days which was allowed at the end of the Obama Administration, but for a full 346 days. So it's up to a year. It will also make sure people can renew these plans if they want to so it can become their permanent insurance, free from the mandates of the Obama health care law. Protection from being dropped if they were sick. Remember, that was one of the biggest promises of the Obamacare time that was broken."