Additional Cosponsors (Cong. Rec., June 21, 2021)

Summary

Page S4656 of the Senate section of the Congressional Record for June 21, 2021, in interleaved columns, headed Additional Cosponsors. It lists bills introduced, including S. 2147 from Mr. Reed, Mr. Grassley and Mr. Leahy to enhance civil penalties under the Federal securities laws, S. 2148 from Mr. Rubio on sanctions over an investigation into the origins of COVID-19 at laboratories in Wuhan, and S. 2149 on Medicare coverage for colorectal cancer screening. Cosponsor additions include S. 544 on Buddy Check Week for veterans and S. 1917 on a K-12 education cybersecurity initiative, and a statement introduces a diabetes technologies bill.

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“Additional Cosponsors (Cong. Rec., June 21, 2021).” Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/crec-crec-2021-06-21-crec-2021-06-21-pt1-pgs4656-0e9a4fce34/, SHA-256 865e09a6f93e37b9ce198f6e4fa9ba5134fc6015aa3891c5f1a075c7e40888f0.

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S4656 CONGRESSIONAL RECORD — SENATE June 21, 2021
By Mr. REED (for himself, Mr. GRASS- commemorate and honor the members fineries exemption of the renewable
LEY, and Mr. LEAHY): of the Armed Forces that served on ac- fuels provisions under the Clean Air
S. 2147. A bill to enhance civil penalties tive duty in support of the Global War Act, and for other purposes.
under the Federal securities laws, and for
on Terrorism, and for other purposes. S. 1917
other purposes; to the Committee on Bank-
ing, Housing, and Urban Affairs. S. 544 At the request of Mr. PETERS, the
By Mr. RUBIO: At the request of Ms. ERNST, the names of the Senator from Nevada (Ms.
S. 2148. A bill to impose sanctions and names of the Senator from North Caro- ROSEN) and the Senator from Louisiana
other measures in response to the failure of lina (Mr. TILLIS) and the Senator from (Mr. CASSIDY) were added as cosponsors
the Government of the People’s Republic of Washington (Mrs. MURRAY) were added of S. 1917, a bill to establish a K–12 edu-
China to allow an investigation into the ori- cation cybersecurity initiative, and for
as cosponsors of S. 544, a bill to direct
gins of COVID–19 at suspect laboratories in
the Secretary of Veterans Affairs to other purposes.
Wuhan; to the Committee on Foreign Rela-
tions. designate one week each year as S. 1927
By Mr. HEINRICH (for himself, Mr. ‘‘Buddy Check Week’’ for the purpose At the request of Mrs. MURRAY, the
WICKER, and Mr. PADILLA): of outreach and education concerning names of the Senator from Virginia
S. 2149. A bill to amend title XVIII of the peer wellness checks for veterans, and (Mr. KAINE), the Senator from New
Social Security Act to provide coverage for other purposes. Mexico (Mr. LUJÁN), the Senator from
under the Medicare program for FDA-ap- S. 923 Minnesota (Ms. SMITH) and the Senator
proved qualifying colorectal cancer screen- from Pennsylvania (Mr. CASEY) were
ing blood-based tests, to increase participa- At the request of Mr. PORTMAN, the
tion in colorectal cancer screening in under- name of the Senator from Rhode Island added as cosponsors of S. 1927, a bill to
screened communities of color, to offset the (Mr. REED) was added as a cosponsor of amend the Child Abuse Prevention and
COVID–19 pandemic driven declines in S. 923, a bill to require the Adminis- Treatment Act.
colorectal cancer screening, and for other trator of the Environmental Protection S. 1947
purposes; to the Committee on Finance. Agency to establish a consumer recy- At the request of Mr. SULLIVAN, the
By Mr. ROMNEY (for himself and Mr. cling education and outreach grant name of the Senator from Nevada (Ms.
KELLY): ROSEN) was added as a cosponsor of S.
S. 2150. A bill to prevent catastrophic
program, and for other purposes.
S. 1061 1947, a bill to authorize the position of
wildland fires by establishing a commission
to study and recommend wildland fire pre- At the request of Mr. PORTMAN, the Assistant Secretary of Commerce for
vention, mitigation, suppression, manage- names of the Senator from Tennessee Travel and Tourism, to statutorily es-
ment, and rehabilitation policies for the (Mr. HAGERTY) and the Senator from tablish the United States Travel and
Federal Government, and for other purposes; Oklahoma (Mr. LANKFORD) were added Tourism Advisory Board, and for other
to the Committee on Homeland Security and purposes.
as cosponsors of S. 1061, a bill to en-
Governmental Affairs. S. 2084
By Mr. PETERS (for himself and Mr. courage the normalization of relations
with Israel, and for other purposes. At the request of Mr. SCOTT of Flor-
CORNYN):
S. 2151. A bill to amend the Omnibus Crime S. 1220
ida, the name of the Senator from Utah
Control and Safe Streets Act of 1968 to pro- (Mr. LEE) was added as a cosponsor of
At the request of Ms. WARREN, the
vide that COPS grant funds may be used for S. 2084, a bill to terminate the order re-
name of the Senator from New Jersey
local law enforcement recruits to attend quiring persons to wear masks while on
(Mr. BOOKER) was added as a cosponsor
schools or academies if the recruits agree to conveyances and at transportation
serve in precincts of law enforcement agen- of S. 1220, a bill to amend title 38,
hubs.
cies in their communities; to the Committee United States Code, to recognize and
S. 2091
on the Judiciary. honor the service of individuals who
served in the United States Cadet At the request of Ms. SINEMA, the
By Mr. LUJÁN:
S. 2152. A bill to direct the Federal Com- Nurse Corps during World War II, and names of the Senator from Connecticut
munications Commission to promulgate reg- for other purposes. (Mr. BLUMENTHAL), the Senator from
ulations requiring material in the online Arizona (Mr. KELLY) and the Senator
S. 1280
public inspection file of a covered entity to from New Jersey (Mr. MENENDEZ) were
be made available in a format that is ma- At the request of Mrs. MURRAY, the added as cosponsors of S. 2091, a bill to
chine-readable; to the Committee on Com- name of the Senator from New York amend the American Rescue Plan Act
merce, Science, and Transportation. (Mrs. GILLIBRAND) was added as a co- of 2021 to increase appropriations to
By Mr. SCOTT of South Carolina: sponsor of S. 1280, a bill to improve the Restaurant Revitalization Fund, and
S. 2153. A bill to amend the National Flood reproductive assistance provided by the
Insurance Act of 1968 to ensure community for other purposes.
Department of Defense and the Depart- S. 2123
accountability for areas repeatedly damaged
ment of Veterans Affairs to certain
by floods, and for other purposes; to the At the request of Mr. PORTMAN, the
members of the Armed Forces, vet-
Committee on Banking, Housing, and Urban names of the Senator from Wisconsin
Affairs. erans, and their spouses or partners,
(Mr. JOHNSON), the Senator from Ne-
By Mr. KENNEDY: and for other purposes.
vada (Ms. ROSEN) and the Senator from
S. 2154. A bill to amend the Migratory Bird S. 1360
Michigan (Mr. PETERS) were added as
Treaty Act to extend the Federal framework At the request of Mrs. MURRAY, the
closing date for the hunting of ducks, mer- cosponsors of S. 2123, a bill to establish
name of the Senator from Michigan the Federal Clearinghouse on Safety
gansers, and coots, and for other purposes; to
the Committee on Environment and Public
(Ms. STABENOW) was added as a cospon- and Security Best Practices for Faith-
Works. sor of S. 1360, a bill to amend the Child Based Organizations and Houses of
By Mr. WARNOCK (for himself, Ms. Care and Development Block Grant Act Worship, and for other purposes.
KLOBUCHAR, Mr. MERKLEY, Mr. WAR- of 1990 and the Head Start Act to pro- S. 2125
NER, and Mr. OSSOFF): mote child care and early learning, and At the request of Mr. MURPHY, the
S. 2155. A bill to amend title 18, United for other purposes.
States Code, and the Help America Vote Act
names of the Senator from Oregon (Mr.
S. 1574 WYDEN) and the Senator from Cali-
of 2002 to provide increased protections for
election workers and voters in elections for At the request of Mr. SCOTT of South fornia (Mr. PADILLA) were added as co-
Federal office, and for other purposes; to the Carolina, the name of the Senator from sponsors of S. 2125, a bill to divert Fed-
Committee on Rules and Administration. Wyoming (Mr. BARRASSO) was added as eral funding away from supporting the
f a cosponsor of S. 1574, a bill to codify a presence of police in schools and to-
statutory definition for long-term care ward evidence-based and trauma in-
ADDITIONAL COSPONSORS pharmacies. formed services that address the needs

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S. 535 S. 1792 of marginalized students and improve
At the request of Ms. ERNST, the At the request of Mrs. FISCHER, the academic outcomes, and for other pur-
name of the Senator from Kansas (Mr. name of the Senator from Minnesota poses.
MARSHALL) was added as a cosponsor of (Ms. KLOBUCHAR) was added as a co- S. RES. 107
S. 535, a bill to authorize the location sponsor of S. 1792, a bill to establish At the request of Mr. HAGERTY, the
of a memorial on the National Mall to certain requirements for the small re- name of the Senator from Hawaii (Mr.

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June 21, 2021 CONGRESSIONAL RECORD — SENATE S4657
SCHATZ) was added as a cosponsor of S. The Corporate Management Account- tims of a violation, and substantially
Res. 107, a resolution expressing the ability Act I am reintroducing today is increasing the financial stakes for se-
sense of the Senate relating to the 10th one attempt at helping to solve this rial offenders of our nation’s securities
anniversary of the March 11, 2011, problem. The bill simply asks publicly laws.
earthquake and tsunami in Japan. traded companies to disclose whether Specifically, our bill would broaden
S. RES. 280 they expect senior executives or share- the SEC’s options to tailor penalties to
At the request of Mr. SCOTT of Flor- holders to pay the cost of corporate the particular circumstances of a given
ida, the name of the Senator from Flor- fines or penalties. This proposal has violation. In addition to raising the per
ida (Mr. RUBIO) was added as a cospon- been supported by University of Min- violation caps for severe, or ‘‘third
sor of S. Res. 280, a resolution sup- nesota Law School Professors Claire tier,’’ violations to $1 million per of-
porting a stable Colombia and opposing Hill and Richard Painter, who also fense for individuals and $10 million
any threat to democracy in Colombia. served as President George W. Bush’s per offense for entities, the legislation
f chief ethics lawyer, as well as Ameri- would also give the SEC more options
cans for Financial Reform. to collect greater penalties based on
STATEMENTS ON INTRODUCED I urge all my colleagues to join this the ill-gotten gains of the violator or
BILLS AND JOINT RESOLUTION legislative effort to hold senior execu- on the financial harm to investors.
By Mr. REED: tives accountable for their actions. Our bill also seeks to deter repeat of-
S. 2145. A bill to ensure that irrespon- fenders on Wall Street through two
sible corporate executives, rather than By Ms. COLLINS (for herself and provisions. The first would authorize
shareholders, pay fines and penalties; Mrs. SHAHEEN): the SEC to triple the penalty cap appli-
to the Committee on Banking, Hous- S. 2146. A bill to establish within the cable to recidivists who have been held
ing, and Urban Affairs. Office of the Secretary of Health and either criminally or civilly liable for
Mr. REED. Mr. President, today I am Human Services a special task force on securities fraud within the previous
reintroducing the Corporate Manage- ensuring Medicare beneficiary access five years. The second would allow the
ment Accountability Act, which asks to innovative diabetes technologies SEC to seek a civil penalty against
each publicly traded company to dis- and services; to the Committee on Fi- those who violate existing federal
close its policies on whether senior ex- nance. court or SEC orders, an approach that
ecutives or shareholders bear the costs Mr. REED. Mr. President, today I am would be more efficient, effective, and
of paying the company’s fines and pen- reintroducing the Stronger Enforce- flexible than the current civil con-
alties. ment of Civil Penalties Act along with tempt remedy. These updates would
In 2014, William Dudley, then the Senator GRASSLEY and Senator LEAHY. greatly enhance the SEC’s ability to
President of the Federal Reserve Bank This bill will help securities regulators levy robust penalties against repeat of-
of New York, gave a speech titled ‘‘En- better protect investors and demand fenders.
hancing Financial Stability by Improv- greater accountability from market According to the SEC’s FY 2022 Con-
ing Culture in the Financial Services players. Even in the midst of an un- gressional Budget Justification, ‘‘the
Industry.’’ In this speech, President precedented public health and eco- SEC is responsible for reviewing the
Dudley said, ‘‘in recent years, there nomic emergency, we continue to see disclosures and financial statements of
have been ongoing occurrences of seri- calculated wrongdoing by some on Wall more than 7,400 reporting companies.’’
ous professional misbehavior, ethical Street, and without the consequence of The SEC further notes that a ‘‘record
lapses and compliance failures at fi- meaningful penalties to serve as an ef- 67 million U.S. families held direct and
nancial institutions. This has resulted fective deterrent, I worry this dis- indirect stock holdings in 2019, up 13
in a long list of large fines and pen- turbing culture of misconduct will per- percent from 2010,’’ and the agency is
alties and to a lesser degree than I sist. ‘‘charged with overseeing approxi-
would have desired employee dismis- The amount of penalties the Securi- mately $100 trillion in annual securi-
sals and punishment . . . The pattern ties and Exchange Commission (SEC) ties trading on U.S. equity markets
of bad behavior did not end with the fi- can fine an institution or individual is and the activities of more than 28,000
nancial crisis, but continued despite restricted by statute. During hearings I registered entities.’’ All of our con-
the considerable public sector inter- held in 2011 as Chairman of the Bank- stituents deserve a strong regulator
vention that was necessary to stabilize ing Committee’s Securities, Insurance, that has the necessary tools to go after
the financial system. As a consequence, and Investment Subcommittee, I fraudsters and pursue the difficult
the financial industry has largely lost learned how this limitation signifi- cases arising from our increasingly
the public trust.’’ cantly interferes with the SEC’s ability complex financial markets. The
Since 2009, banks around the world to execute its enforcement duties. At Stronger Enforcement of Civil Pen-
have paid $394 billion in penalties, ac- that time, a Federal judge had criti- alties Act will enhance the SEC’s abil-
cording to the Boston Consulting cized the SEC for not obtaining a larg- ity to demand meaningful account-
Group (BCG). This is an increase of $22 er settlement against Citigroup, a ability from Wall Street, which in turn
billion from the last time I introduced major actor in the financial crisis that will increase transparency and con-
this legislation. It has been evident settled with the agency in an amount fidence in our financial system. I urge
that simply fining and penalizing fi- that was far below the cost the bank our colleagues to support this impor-
nancial institutions at the corporate had inflicted on investors. The SEC in- tant bipartisan legislation.
level is not enough to deter bad actors. dicated that a statutory prohibition
Senior executives, many of whom are against levying a larger penalty led to By Mr. REED (for himself, Mr.
all too eager to take credit for a com- the low settlement amount. Indeed, GRASSLEY, and Mr. LEAHY):
pany’s good news, must also take more then SEC Chairman Mary L. Schapiro S. 2147. A bill to enhance civil pen-
responsibility for the bad news, espe- in 2011 also explained that ‘‘the Com- alties under the Federal securities
cially if it is true that the buck stops mission’s statutory authority to obtain laws, and for other purposes; to the
with them. civil monetary penalties with appro- Committee on Banking, Housing, and
According to Professor Peter J. priate deterrent effect is limited in Urban Affairs.
Henning, who also writes the White many circumstances.’’ Mrs. SHAHEEN. Mr President, I
Collar Watch column for the New York The bipartisan bill we are reintro- come to the floor today to join my col-
Times, ‘‘a problem in holding individ- ducing aims to update the SEC’s out- league Senator COLLINS from Maine,
uals accountable for misconduct in an dated civil penalties statutes. This bill who will be here shortly, who is also

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organization is the disconnect between strives to make potential and current my cochair of the Diabetes Caucus, to
the actual decisions and those charged offenders think twice before engaging reintroduce the Improving Medicare
with overseeing the company, so that in misconduct by raising the maximum Beneficiary Access to Innovative Dia-
executives and corporate boards usu- statutory civil monetary penalties, di- betes Technologies Act. This is legisla-
ally plead ignorance about an issue rectly linking the size of the penalties tion that would establish a task force
until it is too late.’’ to the amount of losses suffered by vic- to provide recommendations to help

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