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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 ascending State Party Vote
Sen. Todd Young IN Republican Yes
Sen. Ron Wyden OR Democrat Yes
Sen. Roger Wicker MS Republican Yes
Sen. Sheldon Whitehouse RI Democrat Yes
Sen. Elizabeth Warren MA Democrat Yes
Sen. Raphael Warnock GA Democrat Yes
Sen. Mark Warner VA Democrat Yes
Sen. Chris Van Hollen MD Democrat Yes
Sen. Tommy Tuberville AL Republican No
Sen. Patrick J. Toomey PA Republican Yes
Sen. Thom Tillis NC Republican Yes
Sen. John Thune SD Republican Yes
Sen. Jon Tester MT Democrat Yes
Sen. Dan Sullivan AK Republican No
Sen. Debbie Stabenow MI Democrat Yes
Sen. Tina Smith MN Democrat Yes
Sen. Kyrsten Sinema AZ ID ID Yes
Sen. Richard C. Shelby AL Republican No
Sen. Jeanne Shaheen NH Democrat Yes
Sen. Tim Scott SC Republican Yes