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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. John Hoeven ND Republican No
Sen. Cindy Hyde-Smith MS Republican Yes
Sen. James M. Inhofe OK Republican Yes
Sen. Ron Johnson WI Republican Yes
Sen. Tim Kaine VA Democrat Yes
Sen. Mark Kelly AZ Democrat Yes
Sen. John Kennedy LA Republican Yes
Sen. Angus King ME ID ID Yes
Sen. Amy Klobuchar MN Democrat Yes
Sen. James Lankford OK Republican Yes
Sen. Patrick J. Leahy VT Democrat Yes
Sen. Mike Lee UT Republican No
Sen. Ben Ray Luján NM Democrat Yes
Sen. Cynthia M. Lummis WY Republican Yes
Sen. Joe Manchin III WV Democrat Yes
Sen. Edward J. Markey MA Democrat Yes
Sen. Roger Marshall KS Republican Yes
Sen. Mitch McConnell KY Republican Yes
Sen. Robert Menendez NJ Democrat Yes
Sen. Jeff Merkley OR Democrat Yes