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Chuck Schumer's Public Statements on Issue: Finance and Banking

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04/19/2020 Tweet - "Bigger companies with long-term relationships with bigger banks are getting access to the federal dollars but smaller businesses, minority owned businesses, businesses in more rural areas are not getting the dollars they need. We're fighting to help ALL small businesses."
04/17/2020 Tweet - "Senate Democrats are fighting for the nail salons, the barbershops, the delis. Why are Senator McConnell and Republicans only trying to help bigger businesses that already have connections to bigger banks?"
04/17/2020 Letter to the Hon. Steven Mnuchin, Secretary of the Dept. of the Treasury, and the Hon. Jerome Powell, Chair of the Federal Reserve - Brown, Senate Dems Push For Increased Transparency And Oversight Of CARES Act Funding
04/15/2020 Tweet - "Our small biz programs need more money now We all agree But Dems actually want to get it into the hands of all who need it That's not what's happening when websites are crashing, mom & pop shops and minority businesses are shut out, bigger banks are loaning to fav customers"
04/13/2020 Tweet - "Small biz in rural areas should have access to funds even if they're not customers of larger banks. Same for minority-owned biz. Small banks & funds should be able to provide this help NOW. Small biz shouldn't have to wait while well-connected banks dole out $$ to fav clients."
04/09/2020 Tweet - "The Trump admin is trying to water down vital protections for underserved communities and communities of color in changes to the Community Reinvestment Act--protections we fought to create Absolutely not We're not going to slip-slide back to when racist redlining was status quo"
04/09/2020 Letter to Joseph Otting, Office of the Comptroller of the Currency, Jelena McWilliams, Chairman of the FDIC - U.S. Senator Tina Smith to Financial Regulators: Follow the Law, Stop Attempts to Weaken the Community Reinvestment Act
04/06/2020 Tweet - "BREAKING: I'll appoint Bharat Ramamurti to the Congressional Oversight Commission. He served with @SenWarren on banking and economic policy. He's shown he knows how to fight for the American people to hold corporations and the Trump admin accountable."
03/31/2020 Letter to the Hon. Steven Mnuchin, Secretary of the Dept. of the Treasury - Brown, Senate Democrats Call On Mnuchin To Defend The Creation Of A Special Inspector General For Pandemic Recovery (SIGPR) From Being Undermined By The Trump Administration
03/26/2020 Tweet - "Last night--Republicans didn't want to include provisions to prohibit Pres. Trump, his family, & businesses controlled by govt leaders from receiving funds Treasury will disburse We stared them down These prohibitions and our transparency reqs are in the bill that passed 96-0"
03/24/2020 Tweet - "We're fighting to ensure no one goes into financial ruin because of coronavirus. Service and industry workers, gig workers, freelancers, and more. We're fighting to make sure there are no bailouts without strict conditions that put people and workers first."
03/24/2020 Tweet - "We are continuing to make progress. Democrats are fighting for more money for our hospitals, our medical system, and our medical workers. Democrats are fighting to make sure there are no bailouts without strict conditions that put people and workers first."
03/23/2020 Tweet - "From the beginning, Democrats have insisted on more money for our hospitals, our medical system, and our medical workers From the beginning, Democrats have insisted that there be no bailouts without strict conditions that put people and workers first These changes must be made"
03/22/2020 Tweet - "I just spoke in the Senate about how we're making progress on a bill. The McConnell-GOP bill includes huge bailouts without protections for people and workers and without accountability. It has shortfalls of money for our hospitals & medical workers. This needs to be changed."
03/22/2020 Tweet - "We voted no on the McConnell-GOP bill because among other problems it includes huge bailouts without protections for people and workers and without accountability, and because it shortchanges our hospitals and healthcare workers who need our help. These changes need to be made."
03/21/2020 Tweet - "We don't want industry bailouts unless we include strict conditions that put #WorkersFirst. No stock buybacks. No layoffs. No salary cuts for workers or salary increases for corporate executives."
03/20/2020 Tweet - "When I talked to President Trump today: I said we need to put #WorkersFirst--we don't want bailouts unless they're used for workers He explicitly told me he would oppose companies using bailouts on stock buybacks--even though that's not in Senator McConnell's bill This is vital"
03/19/2020 Tweet - "These stock buybacks, they infuriate me. The airline industry alone bought back $13 billion in their own stock over the last two years. That money could have been there to help the workers and to help the airlines out of this. #WorkersFirst"
03/19/2020 Tweet - "We don't want bailouts unless they're used for workers, unless the industries keep all their employees, unless they don't cut salaries of their employees, and unless they are not allowed to buy back their own stocks or raise corporate salaries. #WorkersFirst"
03/18/2020 Tweet - "One of the reasons industries are so short on cash right now is that they have spent billions buying back their own stocks instead of investing in their workers and saving for a rainy day. That needs to be addressed NOW."
03/17/2020 Tweet - "American workers need to be our first priority in responding to coronavirus--not bailouts for big corporations and wealthy shareholders."
03/12/2020 Tweet - "What's in the @SenateDems proposals that we announced yesterday to help give Americans and our communities fighting coronavirus economic relief? Payment forbearance for 6 months and waiver of any fees on federal mortgages and student loans. And NO negative credit score impact."
03/11/2020 Tweet - "On economic relief, our priority should be people and families--not corporate interests Targeted measures to give working families flexibility & support as we combat coronavirus NOT bailing out the oil & gas industry NOT de-regulating the banking industry NOT a corporate tax cut"
01/22/2020 Tweet - "I stand with the New Yorkers marching to keep the Community Reinvestment Act strong and keep banks committed to investing responsibly and equitably in their local communities. I will continue to fight to ensure it remains the vital resource it is today."
12/03/2019 Letter to the Hon. Jerome Powell, Chair of the Federal Reserve, the Hon. Jelena McWilliams, Chair of the Board of Directors of the Federal Deposit Insurance Corporation, and the Hon. Joseph Otting, Comptroller of the Currency - Schumer announces, following his advocacy, Feds have issued new financial guidance to lenders confirming the legality of industrial hemp; senator says with regulatory uncertainty cleared up, growing hemp industry can continue creating jobs and taking root upstate
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