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Congressional Record, Senate, April 27, 2022: Page S2191

Summary

Page S2191 of the Senate section of the Congressional Record for April 27, 2022, in interleaved columns. Cosponsor additions include S. 3899, a bill to amend the Child Care and Development Block Grant Act of 1990 to reauthorize and update the Act. A speaker on student loans says borrowers who are not ready to return to making payments now never will be, citing a newspaper editorial against the President's latest extension. Whereas clauses of a resolution refer to journalists who sacrificed their lives to report on the war in Ukraine and to a Native American Journalists Association survey in which 83 percent of respondents gave a view on Native news coverage.

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“Congressional Record, Senate, April 27, 2022: Page S2191.” Original at www.govinfo.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/crec-crec-2022-04-27-crec-2022-04-27-pt1-pgs2191-ccb39f3487/, SHA-256 86e2a17554716ce49600a89753e4cfded82d75251bdf043e7ff74887f4412175.

Full text

                                               April 27, 2022                                    CONGRESSIONAL RECORD — SENATE                                                                     S2191
                                               Kansas (Mr. MORAN) was added as a co-                   jury and death, are subject to grave                   student loan borrowers aren’t ready to
                                               sponsor of S. 3899, a bill to amend the                 threat, and have sacrificed their lives,               return to making payments now, they
                                               Child Care and Development Block                        to chronicle and report on the ongoing                 will never be.
                                               Grant Act of 1990 to reauthorize and                    war in Ukraine resulting from the Rus-                   Even the Washington Post editorial-
                                               update the Act, and for other purposes.                 sian Federation’s invasion.                            ized against the President’s latest ex-
                                                                      S. 3908                                            f                                    tension, noting:
                                                 At the request of Mr. BARRASSO, the                                                                            What was a needed emergency measure at
                                                                                                          STATEMENTS ON INTRODUCED                            the start of the pandemic is no longer justi-
                                               name of the Senator from Florida (Mr.                     BILLS AND JOINT RESOLUTIONS                          fied. It is hard to make an argument that
                                               RUBIO) was added as a cosponsor of S.
                                                                                                              By Mr. THUNE (for himself, Mr.                  college graduates are struggling right now.
                                               3908, a bill to provide that certain pol-                                                                      The unemployment rate for Americans with
                                               icy statements of the Federal Energy                             BURR, Mr. BRAUN, Mr. CASSIDY,
                                                                                                                                                              a bachelor’s degree or higher is a mere 2 per-
                                               Regulatory Commission shall have no                              and Mr. MARSHALL):
                                                                                                                                                              cent. There is a near-record number of job
                                               force or effect unless certain condi-                     S. 4094. A bill to amend the Higher                  openings.
                                               tions are met, and for other purposes.                  Education Relief Opportunities for Stu-
                                                                                                       dents Act of 2003 to strike the Sec-                      That was from the Washington Post.
                                                                      S. 3960                                                                                    It is true that Americans are facing
                                                                                                       retary’s unilateral authority during a
                                                 At the request of Mr. SCOTT of Flor-                                                                         economic challenges as a result of the
                                                                                                       national emergency, and for other pur-
                                               ida, the name of the Senator from                                                                              inflation that President Biden and
                                                                                                       poses; to the Committee on Health,
                                               North Carolina (Mr. TILLIS) was added                                                                          Democrats helped to create with their
                                                                                                       Education, Labor, and Pensions.
                                               as a cosponsor of S. 3960, a bill to es-                  Mr. THUNE. Mr. President, the Biden                  ill-considered American Rescue Plan
                                               tablish the CCP Initiative program,                     administration can’t quite seem to de-                 Act, but, if anything, President Biden’s
                                               and for other purposes.                                 cide on the status of the pandemic or                  latest student loan pause could help
                                                                      S. 4047                          the status of the economy.                             prolong our inflation problems, and,
                                                 At the request of Ms. DUCKWORTH,                        On the one hand, we are being told                   importantly, it will have the biggest
                                               the names of the Senator from Illinois                  that we no longer need pandemic-era                    benefits for those who are most able to
                                               (Mr. DURBIN) and the Senator from                       border restrictions intended to help                   deal with price hikes from inflation.
                                               Michigan (Ms. STABENOW) were added                      limit illegal immigration and prevent                  This clearly regressive policy benefits
                                               as cosponsors of S. 4047, a bill to im-                 the spread of COVID. On the other                      high-debt, high-income borrowers sig-
                                               prove the removal of lead from drink-                   hand, the administration is still fight-               nificantly more than low-debt, low-in-
                                               ing water in public housing.                            ing to require Americans to wear                       come borrowers.
                                                                                                       masks on public transit and airplanes                     Again, to quote the Washington Post
                                                                      S. 4050
                                                                                                       and is urging Congress to pass addi-                   once more:
                                                 At the request of Mr. DAINES, the
                                                                                                       tional COVID spending to fight the                       Rising prices of gas, rent, food and cars are
                                               name of the Senator from Wisconsin                                                                             a hardship, but forgiving interest on student
                                               (Ms. BALDWIN) was added as a cospon-                    pandemic the administration seems to
                                                                                                                                                              loans for four more months offers the biggest
                                               sor of S. 4050, a bill to amend title                   believe is over at the border.                         benefits to people who have earned degrees
                                               XVIII of the Social Security Act to                       It is a confusing message, to say the                in medicine and law. These people go on to
                                               eliminate a provision under the Medi-                   least. Americans know the pandemic                     have lucrative careers. Meanwhile, the 64
                                               care Advantage program that inadvert-                   can’t simultaneously be over for mi-                   percent of Americans who do not have a col-
                                               ently penalizes Medicare Advantage                      grants at the border but make it too                   lege degree don’t benefit at all from Biden’s
                                               plans for providing high quality care to                dangerous for a South Dakotan to fly                   pause on loan repayments.
                                               Medicare beneficiaries.                                 from Sioux Falls to Minneapolis with-                    That was again from the Washington
                                                                   S.J. RES. 40                        out a mask.                                            Post.
                                                                                                         The administration’s messaging is                      And subsidizing all of those doctors
                                                 At the request of Ms. HIRONO, the
                                                                                                       similarly muddled on the economy and                   and lawyers ends up being pretty ex-
                                               name of the Senator from Oregon (Mr.
                                                                                                       student loans. On the one hand, the                    pensive. The student loan repayment
                                               MERKLEY) was added as a cosponsor of
                                                                                                       President is proudly touting ‘‘record’’                moratorium has already cost the Fed-
                                               S.J. Res. 40, a joint resolution formally
                                                                                                       job creation and ‘‘record’’ economic                   eral Government more than $100 bil-
                                               apologizing for the nuclear legacy of
                                                                                                       growth even though most of what he is                  lion. By the time the President’s latest
                                               the United States in the Republic of
                                                                                                       taking credit for is the natural con-                  extension of the moratorium is up, it
                                               the Marshall Islands and affirming the
                                                                                                       sequence of an economic recovery from                  will have cost the Federal Government
                                               importance of the free association be-
                                                                                                       the pandemic. On the other hand, the                   billions more.
                                               tween the Government of the United
                                                                                                       President recently announced that he                     After a huge increase in our national
                                               States and the Government of the Mar-
                                                                                                       is extending the moratorium on Fed-                    debt, thanks to the pandemic and reck-
                                               shall Islands.
                                                                                                       eral student loan payments, interest,                  less Democratic spending, the govern-
                                                                   S.J. RES. 43
                                                                                                       and collections for another 4 months,                  ment does not need to be forgoing bil-
                                                 At the request of Mrs. HYDE-SMITH,                    until August 31, because Americans are                 lions of dollars by providing student
                                               the name of the Senator from Alaska                     still suffering economically as a result               loan relief to Americans with some of
                                               (Mr. SULLIVAN) was added as a cospon-                   of the pandemic.                                       the highest earning potential, which is
                                               sor of S.J. Res. 43, a joint resolution                   Well, which is it? Is our economy                    why, this morning, I introduced legis-
                                               providing for congressional disapproval                 thriving or are Americans economi-                     lation—the Stop Reckless Student
                                               under chapter 8 of title 5, United                      cally distressed?                                      Loan Actions Act—to end the current
                                               States Code, of the rule submitted by                     The student loan repayment morato-                   deferment on student loan repayments
                                               the Department of the Treasury and                      rium and interest freeze included in the               and limit a President’s authority to
                                               the Centers for Medicare & Medicaid                     CARES Act at the beginning of the                      pause student loan repayments in the
                                               Services relating to ‘‘Patient Protec-                  pandemic made sense. Our economy                       future.
                                               tion and Affordable Care Act; Updating                  was starting to shut down, and Ameri-                    My legislation, which I introduced
                                               Payment Parameters, Section 1332                        cans’ jobs were in jeopardy, but it                    with my colleague Senator RICHARD
                                               Waiver Implementing Regulations, and                    made sense as a temporary measure for                  BURR and Senators BRAUN, CASSIDY,
                                               Improving Health Insurance Markets                      a genuine emergency. We are no longer                  and MARSHALL, would continue to
                                               for 2022 and Beyond’’.                                  having double-digit unemployment as                    allow a President to temporarily sus-
                                                                   S. RES. 559                         we did during some of the worst mo-                    pend student loan payments during a




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                                                 At the request of Ms. KLOBUCHAR, the                  ments of the pandemic. In fact, our                    future national emergency, but it
                                               name of the Senator from New Hamp-                      current unemployment rate is a low 3.6                 would limit those suspensions to a pe-
                                               shire (Mrs. SHAHEEN) was added as a co-                 percent. For college graduates, the un-                riod of 90 days and subject them to con-
                                               sponsor of S. Res. 559, a resolution ex-                employment rate is a staggeringly low                  gressional disapproval.
                                               pressing gratitude on behalf of the peo-                2 percent.                                               It would also ensure that relief is tar-
                                               ple of the United States to the journal-                  To paraphrase the Wall Street Jour-                  geted to those who need it most by pre-
                                               ists and news staff who are risking in-                 nal’s editorial board on the subject, if               venting Presidents from suspending



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                                               S2192                                             CONGRESSIONAL RECORD — SENATE                                                          April 27, 2022
                                               payments for higher income individ-                     doubtedly, make it much worse. We                        (4) by striking subparagraphs (C) and (D).
                                               uals; and, importantly, it would pre-                   think 8.5-percent inflation is bad, and                SEC. 4. HIGHER EDUCATION RELIEF OPPORTUNI-
                                                                                                                                                                          TIES FOR CIVILIANS IN THE CASE OF
                                               vent a President or a Secretary of Edu-                 it is, but canceling student loan debt                             A NATIONAL EMERGENCY AND LIMI-
                                               cation from using a national emer-                      this fall could take inflation to new                              TATIONS ON COVERED LOANS.
                                               gency to cancel student loan debt,                      and even more painful heights.                           (a) TEMPORARY AUTHORITY FOR HIGHER
                                               which leads me to, perhaps, my biggest                    Now, I strongly support finding ways                 EDUCATION RELIEF.—
                                               concern in all of this.                                 to drive down the cost of higher edu-                    (1) IN GENERAL.—Subject to the limitation
                                                 Deferring student loan payments is a                  cation and educate students about the                  provided in subsection (c), during the 90 day
                                               bad policy that is costing the Federal                  dangers of excessive debt. I also sup-                 period after a declaration of a national emer-
                                                                                                       port measures to help students pay off                 gency under section 201 of the National
                                               Government money it doesn’t have, but                                                                          Emergencies Act (50 U.S.C. 1621), the Sec-
                                               it pales in comparison to the ultimate                  their student loans without putting
                                                                                                                                                              retary of Education may suspend or defer
                                               goal for many Democrats—and that is                     taxpayers on the hook for hundreds of                  Federal student loan payments or the ac-
                                               canceling student loan debt entirely.                   billions of dollars or more. I would note              crual of interest for loans made, insured or
                                                 Days ago, the President’s Press Sec-                  the measure that I got included in the                 guaranteed under part B, D, or E of title IV
                                               retary, in referring to the payment                     CARES Act and extended later that                      of the Higher Education Act of 1965 (20 U.S.C.
                                               deferment, said:                                        year to allow employers to make tax-                   1071 et seq.; 1087a et seq.; 1087aa et seq.) or
                                                 Between now and August 31, it’s either                free payments on their employees’ stu-                 loans under the Health Education Assistance
                                               going to be extended again or we’re going to            dent loans; but unnecessarily deferring                Loan Program.
                                               make a decision . . . about canceling student           student loan payments—or worse, the                      (2) LIMITATION.—The Secretary of Edu-
                                               debt.                                                   canceling of a significant portion of                  cation may not use the temporary authority
                                                                                                                                                              provided under paragraph (1) in consecutive
                                                 That was from the President’s Press                   student loan debt entirely—is a ter-                   90 day periods.
                                               Secretary.                                              rible idea for many reasons.                             (b) RECOMMENDATIONS FOR HIGHER EDU-
                                                 Her statement made it alarmingly                        I hope that colleagues from both                     CATION RELIEF FROM THE SECRETARY OF EDU-
                                               clear that the President isn’t just tem-                sides of the aisle will join the student               CATION.— In the case of a national emer-
                                               porarily deferring loan payments but is                 loan bill that I introduced earlier                    gency declared by the President under sec-
                                                                                                       today to end these endless and unnec-                  tion 201 of the National Emergencies Act (50
                                               seriously considering canceling—can-                                                                           U.S.C. 1621), the Secretary of Education shall
                                               celing—a significant portion of Federal                 essary loan deferment extensions.
                                                                                                         I hope at least some of my Demo-                     submit to the Committee on Health, Edu-
                                               student loan debt.                                                                                             cation, Labor, and Pensions of the Senate
                                                 She doubled down on that idea on                      cratic colleagues will recognize the
                                                                                                                                                              and the Committee on Education and Labor
                                               Monday, noting:                                         unwisdom of canceling student loan                     of the House of Representatives, not later
                                                                                                       debt, its blatant unfairness to individ-               than 60 days after the date of such declara-
                                                 What I would tell you is that not a single
                                               person in this country has paid a dime on               uals who have already paid off their                   tion, a report that includes any rec-
                                               Federal student loans since the President               student loans or who never went to col-                ommendations on relief necessary for recipi-
                                               took office.                                            lege and the negative effect it would                  ents of student financial assistance under
                                                                                                       have on our inflation-ridden economy.                  title IV of the Higher Education Act of 1965
                                                 My gosh, canceling student loan debt                                                                         (20 U.S.C. 1070 et seq.).
                                                                                                         Mr. THUNE. Mr. President, I ask
                                               is a bad idea for so many reasons.                                                                               (c) LIMITS ON EXECUTIVE AUTHORITY TO
                                                 In the first place, it is money the                   unanimous consent that the text of the
                                                                                                                                                              SUSPEND OR DEFER FEDERAL STUDENT LOAN
                                               Federal Government simply doesn’t                       bill be printed in the RECORD.                         PAYMENTS OR INTEREST.—
                                                                                                         There being no objection, the text of                  (1) IN GENERAL.—Notwithstanding any
                                               have. Democrats often speak as if the
                                                                                                       the bill was ordered to be printed in                  other provision of law, the President or the
                                               Federal Government were able to draw                    the RECORD, as follows:
                                               from an unlimited pot of money, but,                                                                           Secretary of Education may not suspend or
                                                                                                                            S. 4094                           defer Federal student loan payments on cov-
                                               of course, we know that is not true.                                                                           ered loans or the accrual of interest on cov-
                                                                                                         Be it enacted by the Senate and House of Rep-
                                               Government funds aren’t anywhere                        resentatives of the United States of America in        ered loans of borrowers with annual house-
                                               close to being unlimited, and govern-                   Congress assembled,                                    hold incomes over 400 percent of the poverty
                                               ment coffers aren’t filled from a pot of                SECTION 1. SHORT TITLE.                                line (as determined under the poverty guide-
                                               gold at the end of the rainbow. They                      This Act may be cited as the ‘‘Stop Reck-            lines updated periodically in the Federal
                                               are filled by taxpayer dollars, and                     less Student Loan Actions Act of 2022’’.               Register by the Department of Health and
                                               sooner or later, it will be taxpayers                   SEC. 2. FINDINGS.                                      Human Services under the authority of sec-
                                               who foot the bill for any loan forgive-                   Congress finds the following:                        tion 673(2) of the Community Services Block
                                                                                                         (1) The Higher Education Relief Opportuni-           Grant Act (42 U.S.C. 9902(2))).
                                               ness program, including the many tax-                                                                            (2) APPLICATION OF CONGRESSIONAL REVIEW
                                                                                                       ties for Students Act of 2003 (20 U.S.C. 1098aa
                                               payers who opted not to attend college                  et seq.) was intended to provide relief oppor-         ACT.—In any case where the President or the
                                               or who chose a debt-free way of doing                   tunities for members of the armed services.            Secretary of Education suspends or defers
                                               so.                                                       (2) The authority provided under the High-           Federal student loan payments on covered
                                                 I can scarcely think of anything                      er Education Relief Opportunities for Stu-             loans or the accrual of interest on covered
                                               more unfair than forcing Americans                      dents Act of 2003 has been abused by the Ex-           loans through any type of executive or regu-
                                               who incurred no college debt to shoul-                  ecutive Branch during the COVID-19 national            latory action, the suspension or deferral
                                               der the bill for those who did, espe-                   emergency regarding the payment of Federal             shall be—
                                                                                                       student loans.                                           (A) deemed to be a major rule for purposes
                                               cially when a substantial portion of
                                                                                                         (3) The unilateral payment pause on Fed-             of chapter 8 of title 5, United States Code
                                               that debt is incurred by those with the                                                                        (commonly known as the ‘‘Congressional Re-
                                                                                                       eral student loans has cost $100,000,000,000.
                                               greatest earning potential.                               (4) The individuals benefitting the most             view Act’’); and
                                                 Canceling student debt would also be                  from the payment pause continued by the                  (B) subject to congressional disapproval in
                                               grossly unfair to the Americans who                     Executive Branch are doctors, who receive 11           accordance with such chapter.
                                               worked hard for years to pay off their                  times the benefit of bachelor’s degree recipi-           (d) LIMITS ON EXECUTIVE AUTHORITY TO
                                               loans. An American who has just fin-                    ents and 14 times the benefit of associate’s           CANCEL STUDENT LOANS.—
                                               ished paying off his or her higher edu-                 degree recipients.                                       (1) IN GENERAL.—Notwithstanding any
                                                                                                       SEC. 3. AMENDMENTS TO THE HIGHER EDU-                  other provisions of law, the President or the
                                               cation debt would get nothing—noth-                                                                            Secretary of Education may not cancel the
                                                                                                                 CATION RELIEF OPPORTUNITIES
                                               ing—from such a cancellation while a                              FOR STUDENTS ACT OF 2003.                    outstanding balances, or a portion of the bal-
                                               recent graduate who had made just a                       Section 5(2) of the Higher Education Relief          ances, on covered loans due to the COVID-19
                                               month or two of payments could see                      Opportunities for Students Act of 2003 (20             national emergency or any other national
                                               his or her debt disappear entirely.                     U.S.C. 1098ee) is amended—                             emergency.
                                                 And canceling student debt would do                     (1) in the matter preceding subparagraph               (2) APPLICATION OF CONGRESSIONAL REVIEW




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                                               nothing to address the real problem,                    (A), by inserting ‘‘(or the spouse or depend-          ACT.—In any case where the President or the
                                               which is the out-of-control cost of                     ent of the parent, as that term is used in sec-        Secretary of Education cancels the out-
                                                                                                       tion 480 of the Higher Education Act of 1965           standing balances, or portion of the bal-
                                               higher education. In fact, it would like-
                                                                                                       (20 U.S.C. 1087vv))’’ after ‘‘an individual’’;         ances, on covered loans through any type of
                                               ly make that problem worse, not to                        (2) in subparagraph (A), by inserting ‘‘and’’        executive or regulatory action, the cancella-
                                               mention the fact that student loan                      after the semicolon;                                   tion shall be—
                                               cancellation would take an already bad                    (3) in subparagraph (B), by striking the               (A) deemed to be a major rule for purposes
                                               inflation situation and, almost un-                     semicolon and inserting a period; and                  of chapter 8 of title 5, United States Code




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                                               April 27, 2022                                    CONGRESSIONAL RECORD — SENATE                                                                     S2193
                                               (commonly known as the ‘‘Congressional Re-              managers have too narrow a perspec-                       (3) of the remaining counties in the United
                                               view Act’’); and                                        tive, the/place the financial success of               States, more than 1⁄2, or 1,528, have only 1
                                                 (B) subject to congressional disapproval in           their clients at risk. This common-                    newspaper to cover populations ranging from
                                               accordance with such chapter.                                                                                  under 1,000 to more than 1,000,000 residents;
                                                 (e) IMPLEMENTATION.—                                  sense legislation supports asset man-                     (4) more than 1⁄2 of all United States news-
                                                 (1) REGARDING SUSPENSIONS OR DEFERMENTS               agers’ fiduciary responsibility to de-                 papers have changed owners in the past dec-
                                               OF FEDERAL STUDENT LOAN PAYMENTS ONGOING                liver returns to investors, and it will                ade, and, in 2018, only 25 companies owned 2⁄3
                                               AT THE TIME OF ENACTMENT.—Not later than                help ensure a safe financial future for                of all daily newspapers;
                                               the effective date of this Act, any suspension          workers and their families.                               (5) of the surviving 6,700 newspapers in the
                                               or deferment of Federal student loan pay-                 I hope my colleagues will support                    United States, at least 1,000 qualify as
                                               ments on covered loans due to the COVID-19                                                                     ‘‘ghost newspapers’’, or newspapers with re-
                                                                                                       this bill.                                             porting and photography staffs that are so
                                               national emergency shall terminate. Not-
                                               withstanding any other provision of law, a                                f                                    significantly reduced that they can no longer
                                               subsequent suspension or deferment of Fed-                                                                     provide much of the breaking news or public
                                                                                                              SUBMITTED RESOLUTIONS                           service journalism that once informed read-
                                               eral student loan payments on covered loans
                                               for the COVID-19 national emergency shall                                                                      ers about vital issues in their communities;
                                               be prohibited.                                                                                                 and
                                                 (2) REGARDING CANCELLATION OF STUDENT                 SENATE RESOLUTION 596—DESIG-                              (6) rural counties are among the counties
                                               LOANS PRIOR TO EFFECTIVE DATE.—Any can-                   NATING APRIL 2022 AS ‘‘PRE-                          most deeply impacted by the loss of local re-
                                               cellation of the outstanding balance, or por-             SERVING       AND    PROTECTING                      porting, as more than 500 of the 2,100 news-
                                               tion of a balance, on a covered loan made by                                                                   papers that have closed or merged since 2004
                                                                                                         LOCAL NEWS MONTH’’ AND REC-                          are in rural counties;
                                               the President or Secretary of Education                   OGNIZING THE IMPORTANCE AND
                                               through any type of executive or regulatory                                                                       Whereas, while overall employment in
                                                                                                         SIGNIFICANCE OF LOCAL NEWS                           newspaper, television, radio, and digital
                                               action in the 30 days before the effective date
                                               of this Act shall be—                                     Mr. SCHATZ (for himself, Mr. BOOK-                   newsrooms dropped by roughly 26 percent, or
                                                 (A) deemed to be a major rule for purposes            ER, Mr. BLUMENTHAL, Ms. BALDWIN, Mr.                   30,000 jobs, between 2008 and 2020, the plunge
                                               of chapter 8 of title 5, United States Code                                                                    in newspaper newsrooms alone was much
                                                                                                       WYDEN, Mr. PADILLA, Mr. MARKEY, Ms.                    worse at 57 percent, or 40,000 jobs, in that
                                               (commonly known as the ‘‘Congressional Re-              KLOBUCHAR, Mr. BROWN, Mr. CASEY, and
                                               view Act’’); and                                                                                               same time period;
                                                                                                       Mrs. MURRAY) submitted the following                      Whereas the number of news employees in
                                                 (B) subject to congressional disapproval in
                                                                                                       resolution; which was referred to the                  the radio broadcasting industry dropped by
                                               accordance with such chapter.
                                                 (f) DEFINITION OF COVERED LOAN.—In this               Committee on the Judiciary:                            22 percent between 2004 and 2020;
                                               subsection, the term ‘‘covered loan’’ means a                               S. RES. 596                           Whereas beat reporting, meaning the day-
                                               loan made, insured, or guaranteed under part                                                                   to-day coverage of a particular field that al-
                                                                                                         Whereas the United States was founded on
                                               B, D, or E of title IV of the Higher Education                                                                 lows a journalist to develop expertise and
                                                                                                       the principle of freedom of the press en-
                                               Act of 1965 (20 U.S.C. 1071 et seq.; 1087a et                                                                  cultivate sources, has ceased to be a viable
                                                                                                       shrined in the First Amendment to the Con-
                                               seq.; 1087aa et seq.) or a loan under the                                                                      career for would-be journalists due to the
                                                                                                       stitution of the United States, which de-
                                               Health Education Assistance Loan Program.                                                                      decimation of newsroom budgets;
                                                                                                       clares that ‘‘Congress shall make no law . . .
                                               SEC. 5. EFFECTIVE DATE.                                                                                           Whereas requests submitted under section
                                                                                                       abridging the freedom of speech, or of the
                                                 This Act, and the amendments made by                                                                         552 of title 5, United States Code (commonly
                                                                                                       press . . .’’;
                                               this Act, shall take effect on the date that is                                                                referred to as ‘‘Freedom of Information Act
                                                                                                         Whereas an informed citizenry depends on
                                               30 days after the date of enactment of this                                                                    requests’’), by local newspapers to local,
                                                                                                       accurate and unbiased news reporting to in-
                                               Act.                                                                                                           State, and Federal agencies fell by nearly 50
                                                                                                       form the judgment of the people;
                                                                                                                                                              percent between 2005 and 2010, demonstrating
                                                                                                         Whereas a robust, diverse, and sustainable
                                                     By Mr. KAINE (for himself, Mr.                                                                           a significant drop in the extent to which
                                                                                                       local news presence leads to civic engage-
                                                                                                                                                              local reporters request government records;
                                                       BOOKER, Mrs. MURRAY, Mr.                        ment and the buttressing of democratic
                                                                                                                                                                 Whereas newspapers alone lost more than
                                                       MENENDEZ, and Mr. WARNER):                      norms and practices;
                                                                                                                                                              $35,000,000,000 in advertising revenue between
                                                 S. 4097. A bill to improve access for                   Whereas local news serves as a necessary
                                                                                                                                                              2004 and 2018;
                                               diverse-owned      asset    management                  resource during the COVID-19 pandemic to
                                                                                                                                                                 Whereas, in the second quarter of 2020, ad-
                                               firms, and for other purposes; to the                   provide communities with public health in-
                                                                                                                                                              vertising revenue fell by a median of 24 per-
                                                                                                       formation and to inform communities about
                                               Committee on Health, Education,                         available services and support from Federal,
                                                                                                                                                              cent for local television companies;
                                               Labor, and Pensions.                                                                                              Whereas the revenue of all-news radio sta-
                                                                                                       State, local, Tribal, and territorial govern-
                                                 Mr. KAINE. Mr. President, today I                                                                            tions dropped by 24 percent in 2020;
                                                                                                       ments;
                                               am introducing the Too Narrow to Suc-                                                                             Whereas there remains a significant gender
                                                                                                         Whereas published guidance from the De-
                                                                                                                                                              disparity in newsroom employment, with
                                               ceed Act with my colleagues Senators                    partment of Homeland Security deemed
                                                                                                                                                              women comprising approximately 1⁄3 of staff
                                               BOOKER, MURRAY, and MENENDEZ. En-                       journalists as essential critical infrastruc-
                                                                                                                                                              who are 30 years of age or older;
                                               acting this bill would increase opportu-                ture workers during the COVID-19 pandemic;
                                                                                                                                                                 Whereas women who are local television
                                               nities for women- and minority-owned                      Whereas the absence of local news outlets
                                                                                                                                                              news anchors and reporters, especially
                                               asset management firms to direct in-                    and investigative reporting allows local gov-
                                                                                                                                                              women of color, are often subject to harass-
                                                                                                       ernment corruption and corporate malfea-
                                               vestments and strengthen our Nation’s                   sance to go unchecked;
                                                                                                                                                              ment and stalking;
                                               retirement security.                                                                                              Whereas, across the United States, there
                                                                                                         Whereas local journalists help combat
                                                 Women- and minority-owned firms                                                                              are more than 200 newspapers published by
                                                                                                       disinformation by using their community
                                               are significantly underrepresented in                                                                          and for Black readers, and, in recent years,
                                                                                                       knowledge and connections to debunk fraud-
                                                                                                                                                              many of those newspapers have seen—
                                               asset management, managing just over                    ulent or misleading content;                              (1) significant losses in advertising revenue
                                               1 percent of the sector’s assets under                    Whereas local cable franchises routinely             as small businesses in their communities
                                               management. This severe underrep-                       provide for public educational and govern-             were forced to close; and
                                               resentation also extends to employ-                     ment access channels on their systems, and                (2) circulation declines due to the closures
                                                                                                       those channels—                                        of businesses in their communities;
                                               ment within the industry. This is not
                                                                                                         (1) offer vital local civic programming that            Whereas the number of Black journalists
                                               due to a lack of diverse talent; women-                 informs communities;                                   working at daily newspapers dropped by 40
                                               and minority-owned asset management                       (2) provide news and information not often           percent between 1997 and 2014, more than for
                                               firms have consistently performed just                  available on other local broadcast channels            any other demographic group;
                                               as well as or better than other firms in                or cable;                                                 Whereas the number of print media sources
                                               terms of returns on investment. In                        (3) supplement local journalism; and                 published by and for American Indian read-
                                               fact, women- and minority-owned firms                     (4) at times, are the only source for local          ers has shrunk dramatically in recent years,
                                               are overrepresented among top-per-                      news;                                                  from 700 media outlets in 1998 to only 200 in
                                                                                                         Whereas the people of the United States              2018;




SSpencer on DSK126QN23PROD with SENATE
                                               forming firms.
                                                 Having a diverse portfolio is a key                   trust local news sources by a 2-to-1 margin;              Whereas Tribally-owned news outlets are
                                               part of having healthy finances because                   Whereas, according to recent research—               often dependent on Tribal governments for
                                                                                                         (1) the United States has lost more than             funding, but most of those outlets lack the
                                               diversifying    investments    mitigates
                                                                                                       2,100 local print outlets since 2004;                  policy structure necessary to fully protect
                                               risk and improves long-term returns.                      (2) more than 200 counties in the United             journalistic independence;
                                               Far too often, however, those making                    States have no newspaper at all, creating a               Whereas a 2018 survey by the Native Amer-
                                               investment decisions at our Nation’s fi-                news shortage for the 3,200,000 residents of           ican Journalists Association found that 83
                                               nancial firms are not diverse. If asset                 those counties;                                        percent of respondents believed that Native




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