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January 25, 2021

As Chair of the Federal Reserve, Dr. Yellen proved not only to be a strong proponent of policies that would strengthen our banking system, but also an advocate on behalf of workers. Notably, she has demonstrated her willingness to empower workers to call attention to wrongdoing that jeopardizes consumer protection and the safety and soundness of banks. Her response to the scandals at Wells Fargo, to impose an unprecedented asset-cap on the company, sent a powerful message to all of Wall Street that abuse of consumers would not be tolerated. In addition, in her support for robust enforcement of rules like the Dodd-Frank Act and the Community Reinvestment Act, she has worked to strengthen the economic security of working families to prevent another financial crash. 

Her support for workers continues to grow, even today, amidst the COVID-19 pandemic, as she has expressed the need to protect state and local governments from being forced to slash vital services and programs due to the economic downturn caused by the pandemic. She has also thoughtfully expressed support for extending pandemic unemployment insurance and providing financial relief for workers — especially minority workers and women, who have been hit hardest by the pandemic. Amidst a historically unequal economic recession and recovery, this display of a staunch commitment to fairness and equity is urgently needed in our financial system.

 

This is Good for working people.

Vote result:
Passed

YEAs: 84 | NAYs: 15
Legislator Sort descending State Party Vote
Sen. Catherine Cortez Masto NV Democrat Yes
Sen. Tom Cotton AR Republican No
Sen. Kevin Cramer ND Republican No
Sen. Michael D. Crapo ID Republican Yes
Sen. Ted Cruz TX Republican No
Sen. Steve Daines MT Republican Yes
Sen. Tammy Duckworth IL Democrat Yes
Sen. Richard J. Durbin IL Democrat Yes
Sen. Joni Ernst IA Republican Yes
Sen. Dianne Feinstein CA Democrat Yes
Sen. Deb Fischer NE Republican Yes
Sen. Kirsten E. Gillibrand NY Democrat Yes
Sen. Lindsey Graham SC Republican Yes
Sen. Charles E. Grassley IA Republican Yes
Sen. Bill Hagerty TN Republican Yes
Sen. Margaret Hassan NH Democrat Yes
Sen. Joshua Hawley MO Republican No
Sen. Martin Heinrich NM Democrat Yes
Sen. John Hickenlooper CO Democrat Yes
Sen. Mazie K. Hirono HI Democrat Yes