Nomination of Janet Louise Yellen (Cong. Rec., Jan. 25, 2021, p. S122)
Summary
Senate page of the Congressional Record dated January 25, 2021, with remarks on the nomination of Janet Louise Yellen. Feinstein rises in support of the nomination, and Collins describes the Yellen record at the Federal Reserve and states that last year Congress addressed the pandemic crisis in five bills. Collins adds that an additional $900 billion package secured a second round of forgivable loans for the hardest hit small businesses. The page records Rollcall Vote No. 6 on whether the Senate will advise and consent to the Yellen nomination, announced as yeas 84 and nays 15.
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“Nomination of Janet Louise Yellen (Cong. Rec., Jan. 25, 2021, p. S122).”
Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/crec-crec-2021-01-25-crec-2021-01-25-pt1-pgs122-386afcae6f/
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S122 CONGRESSIONAL RECORD — SENATE January 25, 2021
will continue after he has left us. As In short, she is the ideal candidate to her nomination and working closely
society becomes more technologically head the Treasury Department at a with her in the years ahead to ensure
centered, we must ensure that data pri- time when we can afford nothing less. I that we build an economy that works
vacy laws keep up. David was on the urge the Senate to confirm her nomi- for everyone.
forefront of that, thinking, how do we nation. Thank you. Mr. CASSIDY. I yield the floor.
protect the privacy of consumers? Ms. COLLINS. Madam President, as VOTE ON YELLEN NOMINATION
As I mentioned, this will be an im- we face an economic crisis brought on Mr. PETERS. I ask for the yeas and
portant issue in this upcoming Con- by COVID–19, we will need steady, nays.
gress, and just let me be specific. David proven leadership at the Treasury De- The PRESIDING OFFICER. Is there a
developed legislation on questions re- partment. A highly respected econo- sufficient second?
garding the data that is collected from mist, Dr. Yellen served first as Vice There appears to be a sufficient sec-
a wearable, a smartwatch, a contact Chair and then Chair of the Federal Re- ond.
tracing app, and other information serve. She has served under Democratic The question is, Will the Senate ad-
that provides personal health informa- and Republican presidents and during vise and consent to the Yellen nomina-
tion but which is not covered by cur- periods of economic crisis and eco- tion?
rent personal health information laws. nomic growth. The yeas and nays were ordered.
Our office will continue to build on Da- Last year, I worked with my col- The clerk will call the roll.
The legislative clerk called the roll.
vid’s work in those areas, and I thank leagues to deliver bipartisan relief for Mr. THUNE. The following Senator is
David for all he has done. those who have been harmed by the necessarily absent: the Senator from
Sometimes people say: Oh my gosh, pandemic. We addressed the crisis in Florida (Mr. RUBIO).
those folks who are younger than those five bills totaling approximately $3 Further, if present and voting, the
of us in the Senate—is there something trillion. Through subsequent negotia- Senator from Florida (Mr. RUBIO)
lacking? I can promise you, among tions in November and December on an would have voted ‘‘nay.’’
these, there is nothing lacking. They additional $900 billion package, we se- The PRESIDING OFFICER (Ms.
are the leaders who will take your cured a second round of Paycheck Pro- BALDWIN). Are there any other Sen-
place and my place as we pass the tection Program forgivable loans for ators in the Chamber desiring to vote?
baton to the next generation, and, in the hardest hit small businesses and The result was announced—yeas 84,
turn, they shall pass to another to extended unemployment programs, as- nays 15, as follows:
leave our future brighter than it has sistance for schools, vaccine delivery, [Rollcall Vote No. 6 Ex.]
been in the past. and more. But additional work re- YEAS—84
NOMINATION OF JANET LOUISE YELLEN mains. Baldwin Hagerty Padilla
Mrs. FEINSTEIN. Madam President, During this crisis, Secretary Bennet Hassan Peters
I rise in support of Janet Yellen’s nom- Mnuchin proved himself to be an able Blumenthal Heinrich Portman
partner to all of us in delivering this Blunt Hickenlooper Reed
ination to be Secretary of the U.S. De- Booker Hirono Romney
partment of the Treasury. I’ve known relief. It is my hope that Treasury Sec- Braun Hyde-Smith Rosen
Janet since she became president of the retary-designate Yellen will build on Brown Inhofe Rounds
Federal Reserve Bank of San Francisco our work. In her testimony before the Burr Johnson Sanders
Cantwell Kaine Sasse
in 2004. I believe she is an excellent Senate Finance Committee and during Capito Kelly Schatz
nominee for this position. the subsequent questions, Dr. Yellen Cardin Kennedy Schumer
Janet has an impressive record. She made clear that she understands these Carper King Scott (SC)
served twice on the Federal Reserve needs. Casey Klobuchar Shaheen
Cassidy Lankford Sinema
Board of Governors and was the first Our nation’s eight living former Sec- Collins Leahy Smith
woman to chair the Fed from 2014 to retaries of the Treasury have provided Coons Luján Stabenow
2018. She became a professor of eco- their support for the nomination. I Cornyn Lummis Tester
urge the swift confirmation of Janet Cortez Masto Manchin Thune
nomics at the University of Cali- Crapo Markey Tillis
fornia—Berkeley in 1980, she is now Yellen to ensure that President Biden Daines Marshall Toomey
professor emeritus. Dr. Yellen served has a qualified economic team in place. Duckworth McConnell Van Hollen
as Chair of the Council of Economic Thank you. Durbin Menendez Warner
Mr. VAN HOLLEN. Madam Presi- Ernst Merkley Warnock
Advisors under President Clinton and Feinstein Moran Warren
has been very active as a distinguished dent, I rise today to support the nomi- Fischer Murkowski Whitehouse
fellow at the Brookings Institution. nation of Janet Yellen, a dedicated Gillibrand Murphy Wicker
public servant and world-renowned Graham Murray Wyden
As some have joked, Janet’s husband Grassley Ossoff Young
of 42 years, George, won the Nobel economist, as Secretary of the Treas-
Prize in Economic Sciences, yet he is ury. NAYS—15
only the second-most accomplished Janet Yellen’s extensive background Barrasso Cruz Risch
in economics and accomplished career Blackburn Hawley Scott (FL)
economist in his own home. Boozman Hoeven Shelby
All of these accomplishments did not in the field led her to Chair the Federal Cotton Lee Sullivan
come easily for a woman in the male- Reserve, where she served with distinc- Cramer Paul Tuberville
dominated field of economics. tion in the aftermath of the great re- NOT VOTING—1
Out of the 24 students who received cession. Ms. Yellen brought a steady Rubio
doctorates in economics from Yale in hand and wisdom befitting her experi-
1971, Janet was the only woman. She ence to her responsibilities at the helm The nomination was confirmed.
of the Federal Reserve, and as a mem- The PRESIDING OFFICER. Under
has been a trailblazer her entire career.
ber of the Banking Committee, I al- the previous order, the motion to re-
Now, Janet brings the experience and
ways appreciated her frank testimony consider is considered made and laid
leadership needed at the Treasury De-
and thoughtful analysis. upon the table, and the President will
partment at this critical juncture.
I believe that Janet understands that In her new role as Treasury Sec- be immediately notified of the Senate’s
the economy is not an abstract series retary, she will inherit an economic action.
The PRESIDING OFFICER. The sen-
of charts and figures, but a collection crisis caused by a mismanaged pan-
ior Senator from Minnesota.
of real individuals, families, commu- demic. She will be charged not only
nities and businesses who need help with providing historic relief in close f
now. coordination with Congress, but also LEGISLATIVE SESSION
dlhill on DSK120RN23PROD with SENATE
At the same time, she is pragmatic with building back better to create the
and recognizes the need for fiscal dis- conditions for a dynamic economy that
cipline. I believe she made that clear in harnesses the potential of each and MORNING BUSINESS
her confirmation before the Finance every American. I am confident in her Ms. KLOBUCHAR. Madam President,
Committee, where I had the honor of ability to take on these urgent chal- I ask unanimous consent that the Sen-
introducing her. lenges. I look forward to voting yes on ate proceed to legislative session and
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