Economic Growth (Cong. Rec., Nov. 17, 2020)
Summary
A page of the Congressional Record, Senate, dated November 17, 2020, at page S7021, under the heading Economic Growth. A Senator says the October jobs report showed more than 600,000 jobs created, credits Republican tax relief and programs like the Paycheck Protection Program, and notes that 3M's N95 production is rising from 22 million to more than 95 million respirators per month. A speech opposes the nomination of Judy Shelton to the Federal Reserve Board, saying every Democrat will oppose her and calling on Republicans to stand up for the Fed's independence. The Senate also resumes consideration of the nomination of Kristi Haskins Johnson of Mississippi, and another Senator says Democrats would add $300 per week to unemployment benefits and urges the Republican leader to negotiate.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Economic Growth (Cong. Rec., Nov. 17, 2020).”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/crec-crec-2020-11-17-crec-2020-11-17-pt1-pgs7021-6-e99252b854/
, SHA-256 59853900e5d72c4f929bf28e735a3d2b5a560799821d9977941966ac749d6ce5.Full text
November 17, 2020 CONGRESSIONAL RECORD — SENATE S7021
I have fought both Democrats and with a bipartisan process that address- therapeutics, meaning there may be
Republicans when they have tried to es all of the challenges we now face. more good news to come.
interfere with the independence of the I yield the floor. Meanwhile, we are also strengthening
Fed, but Ms. Shelton doesn’t seem to I suggest the absence of a quorum. domestic production of personal pro-
care about it at all. So that might be The ACTING PRESIDENT pro tem- tective equipment for medical per-
the most concerning thing about her pore. The clerk will call the roll. sonnel and other essential workers.
nomination: her stunning lack of inde- The bill clerk proceeded to call the And 3M, which manufactures N95
pendence. roll. masks, received two contracts under
The Federal Reserve Board must Mr. THUNE. Madam President, I ask the Defense Production Act to expand
make decisions based on objective eco- unanimous consent that the order for N95 production. I recently visited the
nomic analysis and judgment, not the quorum call be rescinded. 3M plant in Aberdeen, SD, to celebrate
whatever is best for one party or one The ACTING PRESIDENT pro tem- the opening of the plant’s new N95
occupant of the Oval Office. That is pore. Without objection, it is so or- manufacturing lines. These new lines
why terms on the Federal Reserve dered. will help 3M’s N95 production increase
board last 14 years. We are supposed to from 22 million to more than 95 million
f respirators per month. That is critical
trust Federal Reserve Governors to be
neutral arbiters, no matter which RESERVATION OF LEADER TIME progress on the PPE front, not to men-
party is in power in Washington. We tion the jobs that are being created.
The ACTING PRESIDENT pro tem-
ECONOMIC GROWTH
are supposed to trust that everyone pore. Under the previous order, the
who serves on the Fed is first and fore- Madam President, on the economic
leadership time is reserved.
most well qualified and truly inde- front, the good news continues. The Oc-
f tober jobs report showed yet another
pendent.
But, unfortunately, Judy Shelton is CONCLUSION OF MORNING reduction in the unemployment rate
neither. Ms. Shelton has shown herself BUSINESS and revealed that the economy created
to be an economic weathervane, point- more than 600,000 jobs in October.
The ACTING PRESIDENT pro tem- While we definitely have a ways to go
ing whichever direction she thinks the pore. Morning business is closed. to get back to where we need to be, the
partisan winds are blowing.
Every single Democrat will oppose f speed and strength of our recovery are
her nomination today. I understand a encouraging. It is a testament to the
EXECUTIVE SESSION strength of our economy before the
few of our Republican colleagues will
virus hit. Thanks to Republican tax re-
oppose her nomination as well. The
lief and regulatory reform, our econ-
question is, Will enough of our col- EXECUTIVE CALENDAR omy was thriving before the
leagues on the other side stand up and
The ACTING PRESIDENT pro tem- coronavirus descended, and that eco-
do the right thing today?
pore. Under the previous order, the nomic strength provided the ground-
Members of this Chamber have stood
Senate will proceed to executive ses- work for a strong recovery.
up before to prevent President Trump Republican-led coronavirus initia-
sion to resume consideration of the fol-
from putting unqualified partisan ad- tives like the Paycheck Protection
lowing nomination, which the clerk
vocates on the Federal Reserve. During Program have also helped keep the
will report.
these final few weeks of the Trump economy going during the virus. More
The bill clerk read the nomination of
Presidency, it is time to do it again. I than 5 million small businesses, includ-
Kristi Haskins Johnson, of Mississippi,
plead with my Republican colleagues, ing more than 23,000 in South Dakota,
to be United States District Judge for
for the sake of an economy that is have taken advantage of the Paycheck
the Southern District of Mississippi.
hurting from COVID, for the sake of Protection Program’s forgivable loans
CORONAVIRUS
our future economy and its growth, to to help keep their businesses operating
reject Ms. Shelton’s nomination. Mr. THUNE. Madam President, for
the second Monday now in a row, we and their employees on the payroll.
f CORONAVIRUS
have received tremendous news about
CORONAVIRUS the prospects for a COVID vaccine. Madam President, of course, while
Last week, Pfizer announced that the there is much to be hopeful about, the
Mr. SCHUMER. Madam President, on
initial results of its COVID vaccine virus is still very much with us, and
COVID, by all rights, the Senate should
showed a greater than 90-percent rate cases are surging. My home State of
not be spending its time this week on
of effectiveness. And yesterday, South Dakota has been hit hard, as
so many nominees, especially such un-
Moderna announced its COVID vaccine have many other areas of the country.
qualified nominees, while COVID–19 is While we wait for final approval of
surging throughout the country. is showing a similarly high effective-
vaccines, it is essential that we keep
The urgent need for another relief ness rate, raising the possibility that
following best practices and do what
bill has been confronting the Senate not one but two COVID vaccines may
we can to slow the virus’s spread, like
since March of this year. The Repub- be available in the very near future.
social distancing, wearing masks,
lican leader put the Senate on ‘‘pause,’’ This success is a tribute to the inno-
washing hands frequently, avoiding
as he said, all summer, while the virus vative power of the private sector and large gatherings, and more.
got worse and worse. And when he fi- the efforts of Congress and the Trump While the money Congress has al-
nally decided it was time to do another administration to expedite develop- ready invested in COVID relief has
bill, he crafted a partisan, emaciated ment of COVID vaccines. Operation gone a long way toward meeting the
proposal that fell drastically short of Warp Speed has helped fund develop- country’s needs, we should pass addi-
what was needed to address a bur- ment of Moderna’s vaccine and will tional targeted relief to help Ameri-
geoning health and economic crisis. help fund distribution of both cans weather the rest of the pandemic.
Now, President-Elect Biden has urged Moderna’s and Pfizer’s products. Senate Republicans have introduced
the Senate to pass a comprehensive bill While vaccine trials and development additional COVID relief legislation
that actually meets the needs of the continue, so does research into new that would provide the hardest hit
American people. He pointed to the COVID treatments. Drugmaker Eli businesses with a second round of Pay-
HEROES Act, and that is the right Lilly just received emergency use au- check Protection Program loans, help
focus. We need a comprehensive bill thorization for an antibody drug that schools and colleges operate safely, and
that meets the needs of the American will be used to treat COVID in patients provide additional healthcare resources
dlhill on DSK120RN23PROD with SENATE
people, but, of course, we would want with mild or moderate illness. Another to fight the virus.
to sit down and negotiate with our Re- company, Regeneron, has also filed for Our legislation would also provide for
publican colleagues. emergency use authorization for a po- an additional $300 per week over and
The Republican leader should come tential antibody treatment. And there above regular unemployment benefits
to the table and negotiate with Demo- are a lot of other clinical trials going for those who have lost their jobs as a
crats on a bipartisan COVID relief bill on right now for COVID vaccines and result of the pandemic.
VerDate Sep 11 2014 02:54 Nov 18, 2020 Jkt 019060 PO 00000 Frm 00003 Fmt 4624 Sfmt 0634 E:\CR\FM\G17NO6.003 S17NOPT1
File and source
- File
- CREC_crec-2020-11-17_crec-2020-11-17-pt1-pgs7021-6.pdf
- Size
- 216,433 bytes
- SHA-256
- 59853900e5d72c4f929bf28e735a3d2b5a560799821d9977941966ac749d6ce5
- Original
- www.govinfo.gov