Schumer, Cornyn, Warren, Nelson

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

Senator Schumer: (4:14 p.m.)

  • Spoke on gun control.
    • "Now, that may give him a temporary little high, but it's not what the American people want. It's not leadership, and in my judgment at least that's why the president is down so much in the polls, no matter what he does. That's why even a race in Pennsylvania, southwestern corner of Pennsylvania, in a district he won by 20 points is a nail-biter. So I hope the president will change. I hope he will become a leader. I hope he will stop just focusing on the show but actually get things done. So far, the American people, not just us, are disappointed. Now, Democrats in the Senate, we're going to keep fighting to go much further than the president's proposal."
  • Spoke on Russian election interference.
    • "Neither had been directed by the administration to counter Russia's continued efforts to undermine our democracy. A report in "The New York Times" last week documented how President Trump's State Department, quote, has yet to spend any of the $120 million it has allocated since late 2016 to counter foreign efforts to meddle in elections or sow distrust in democracy, unquote. And still the Trump Administration has not fully implemented the sanctions Congress passed to punish Putin. Meanwhile, Russian-linked bots continue to sow division and inflame political tensions on social media. Multiple officials from the intelligence community have warned that Russia will try to interfere in our elections again."

 

Senator Cornyn: (4:27 p.m.)

  • Spoke on Dodd-Frank relief.
    • "What happens is these banks, these community banks have less money to loan because they have had to use the money they would loan to hire more people to help them comply with all the unnecessary red tape because of the Dodd-Frank overregulation. Some have had to basically defer that sort of investment in their communities and others have had to shutter completely because of the financial burden. The second order in effect is that some people don't have access to capital, that is to loans that they need. They can't get credit they need in order to start a small business or grow an existing business or even get a mortgage to buy their first home. Let's be clear, though, about which financial institutions this bill is tailored toward helping. It's small community banks and mid-sized regional ones as well as credit unions."
  • Spoke on gun control.
    • "Madam President, on another matter, I want to emphasize another point and talk about a new milestone reached and announce some good news. We've now reached 64 total cosponsors for a bill that I've introduced with the junior senator from Connecticut, Senator Murphy, called the fix NICS which is the background check reform bill that we cosponsored together. It is unusual in an incident like this during polarized time where you have 32 Democrats and 32 Republicans saying, yes, we have a problem and, yes, we want to work together to fix it."

 

Senator Warren: (4:43 p.m.)

  • Spoke on Dodd-Frank relief.
    • "Within two years, 8.8 million Americans had lost their jobs. No one bailed them out. Within three years more than four million homes had been lost to foreclosures, millions more were in danger. No one bailed the homeowners out. And now to mark the tenth anniversary of that devastating crisis, the senate is on the verge of rolling back the rules on the big banks again. Last week I talked about how this bill guts important consumer protections, how it weakens the oversight of banks with up to a quarter of $1 trillion in assets, and how it could set the stage for another financial crisis just like past bipartisan bills to roll back the financial rules. But the bill will also roll back the rules on the very biggest banks in the country."

 

Senator Nelson: (4:57 p.m.)

  • Spoke on gun control.
    • "Indeed, our entire state is grieving. Broward County is grieving. Parkland is grieving. I think you're going to find on March 24 in the rallies and the marches that will occur in 500 cities around this country and will have a focus of the main one in Washington, I think you're going to find that a lot of people are grieving because a lot of people all across this country have been touched by these massacres that continue to occur, starting over almost three decades ago in columbine, in Colorado. We certainly had our fill of it in Florida just in the last two years."