Schumer blocks nonpartisan school safety bill backed by victims' parents
And: Why are the feds rushing to create Central Bank Digital Currency?
DonnyFerguson.com
Friday, May 27, 2022
In this issue:
>>> Schumer blocks nonpartisan school safety bill, backed by victims' parents, that was unanimously supported in committee
>>> Why are the feds rushing to create Central Bank Digital Currency?
>>> Oversight GOP Pushes Biden for Plan to Replenish Strategic Petroleum Reserve
>>> SCHUMER BLOCKS NONPARTISAN SCHOOL SAFETY BILL, BACKED BY VICTIMS' PARENTS, THAT WAS UNANIMOUSLY SUPPORTED IN COMMITTEE
On Wednesday, U.S. Sen. Ron Johnson (R-Wis.) delivered remarks on the Senate floor about his legislation, the Luke and Alex School Safety Act, and asked for unanimous consent for its passage.
The bill would codify into law a clearinghouse of information for the best school safety practices. The clearinghouse, available at SchoolSafety.gov, informs parents, teachers and school officials of the best practices for improving school security and publishes information on available grant programs and federal resources. It is named after Luke Hoyer and Alex Schachter, two students killed in the Marjory Stoneman Douglas High School attack on February 14, 2018 in Parkland, Florida. Sen. Johnson introduced the legislation in November 2019 with Senators Rick Scott (R-Fla.) and Marco Rubio (R-Fla.)
Following Sen. Johnson’s remarks on Wednesday, Sen. Schumer (D-N.Y.) blocked the passage of the bill.
The Senator delivered the following remarks:
“Madam President, today America grieves. There's nothing partisan about it. Being a parent and grandparent, I cannot imagine the grief felt by the parents of those children. Unless you've experienced it, none of us can. What's the solution? There is no “one” solution. Let's be honest about that.
“Following Sandy Hook, following Parkland, I met with the parents of those horrific and senseless tragedies I've been blessed to get to know three parents quite well – Tom and Gina Hoyer and Max Schachter. Tom and Gena are the parents of Luke Hoyer. Max is the father of Alex Schachter. To the 17 victims of the Marjory Stoneman Douglas High School slaughter in Parkland, Florida that occurred on February 14, 2018 – in getting to know Tom, Gina and Max, you get some sense of the level of grief.
“I mentioned, there's nothing partisan about the grief. I listened to President Biden's remarks last night. I think the point he made that pierced my heart, because President Biden has known tragedy, is when he said that those parents in Texas, they're asking themselves, will they ever sleep again? We all grieve. We're all looking for solutions. The good senator from Delaware said, we must take action,
“What I’ve always valued about Tom and Gena and Max is these are three individuals, parents, who do know the pain. They still grieve for the loss of their sons, and yet they have not approached trying to find solutions in any partisan way whatsoever. They're trying to find areas of agreement. They advised the Federal Commission on School Safety. They came up with a pretty common sense action. It may not solve all the problems, but it's a good idea. It is such a good idea that as Chairman of the Senate Committee on Homeland Security and Governmental Affairs, we codified it. We passed it unanimously out of our committee in November of 2019.
“It's called the Luke and Alex School Safety Act. It's pretty simple. It just creates a clearinghouse of information of the best practices for school safety. It involves numerous departments - Department of Health and Human Services, Department of Justice, and Department of Homeland Security. They all must approve what these best practices are. It ensures that parents, teachers, school officials and other stakeholders have input into what those best practices are. It doesn't allow the clearinghouse to mandate any school to take any certain action. Maybe most importantly, it publishes the available grant programs and federal resources available for school safety. Again, it passed out of the Committee on Homeland Security Governmental Affairs twice, unanimously – once under my chairmanship, once under the chairmanship of Senator Peters.
“There's nothing partisan about this bill whatsoever. It's just a good idea that could save lives. It was such a good idea, that under the previous administration, they set up that clearinghouse. It's up and it's operating. So all this bill does at this point is serve as a model for what's happening. All this bill does now is codify it to make sure this clearinghouse stands the test of time – that it will always be there to provide the best practices on school safety.
“Now, I'm very sensitive to the moment in time we’re in right now We should let the nation and those parents grieve. I don't want to politicize anything about this moment.
“So I called up Max, Tom and Gena and asked them, what would you like me do? They've been trying to get this codified, passed into law, for four years. I can't explain why it's not law. Just last month, the Senate passed the Pray Safe Act, which basically took the Luke and Alex School Safety Act, and applied it to churches. That passed by unanimous consent. No objection. I tried to attach this bill to that bill, but for whatever reason, somebody is objecting. I have no idea why. None.
“Again, it passed our committee unanimously, twice. It's a good idea. It could save lives. It is an action, when people are calling for action following this tragedy.
….
“I just want to again emphasize the fact that I just spoke with Max and Gena and Tom. These are parents of children who lost their lives in school shootings. These are parents who have come up with a solution, a nonpartisan solution. They got it recommended by the Federal Commission on School Safety. They told me that the day after Parkland a parent from Sandy Hook had a piece of legislation that they'd been trying to get passed but couldn't. They would help. They would have been one hundred percent supportive of that piece of legislation, come to the floor and pass by unanimous consent – irrespective of the timing.
“They asked me to come to the floor today, to ask my colleagues to lay aside partisanship, to do something for these families, provide them some measure of comfort by passing a completely nonpartisan bill that could make a difference, that could save a life. There is no reason not to pass this bill today, in this chamber, at this hour. So, Madam President, as in the legislative session, I ask unanimous consent that the Senate proceed to the immediate consideration of calendar number 102 S.111. I further ask that the bill be considered read a third time and passed, and the motion to reconsider be considered made, and laid upon the table.
…
“As Chairman of Homeland Security, I passed over 300 pieces of legislation out of committee. Over 130 of those became law. Very few of those, almost none, were partisan in any way, shape or form. The approach I used to have that kind of legislative success is rather than focus on issues that divide us, I concentrated on areas of agreement. Today I brought to the Senate floor a nonpartisan bill, a bill crafted by the parents, the parents who lost their sons in one of these horrific tragedies. It passed our committee twice, unanimously. Those parents asked me to come today to please pass this bill, take some action, provide some comfort to all the parents that are grieving, to a nation that is grieving.
“I came to the floor today, and I will not engage in partisanship, other than to say it is just sad. It is just sad that this body can't pass this bill when about a month ago, they passed an identical bill that applied to churches. This one applies to schools, and yet it's inappropriate, according to the Majority Leader, to pass this non-partisan bill by unanimous consent. Madam President, this is a very sad day for the United States Senate. I yield.”
- Senator Ron Johnson
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>>> WHY ARE THE FEDS RUSHING TO CREATE CENTRAL BANK DIGITAL CURRENCY?
The House Financial Services Committee held a Thursday hearing with Federal Reserve (Fed) Vice Chair Lael Brainard to discuss a potential U.S. Central Bank Digital Currency (CBDC). Prior to the hearing, all Committee Republicans sent a letter to Fed Chair Jerome Powell reiterating their principles to guide the discussion surrounding a potential U.S. CBDC, as well as outline their concerns with the potential risks to commercial banks, the existing payments system, and consumers.
Read Ranking Member McHenry’s opening remarks as prepared for delivery:
“Thank you, Madam Chair.
“Vice Chair Brainard, thank you for being here today as we seek to understand what problems a Fed-issued digital currency would solve.
“Despite this being our third hearing on digital assets and the Fed finally issuing its report, we still have many unanswered questions.
“But we knew this would happen.
“That is why, prior to the report’s release, my Republican colleagues and I developed a set of principles to guide our evaluation of a U.S. Central Bank Digital Currency, or CBDC.
“For more than a year, we have been exploring the potential impact of a CBDC on monetary policy. We’ve been trying to understand the impact on the Fed’s dual mandate and the implications for our banking system. Most importantly, we’ve been reviewing the Federal Reserve’s current authority, if any, to issue a digital currency.
“Our principles provided us a coherent framework to evaluate the Fed’s report.
“In its report, the Fed listed a number of potential benefits of a CBDC—most of which, in my opinion, could also be realized through private sector alternatives.
“There seems to be a disconnect about how innovation happens—which is outside the walls of government bureaucracy.
“We also don’t know the impact a digital currency will have on the Fed’s ability to effectively perform its monetary and regulatory functions.
“And no one has made a compelling case on why we should expand the Fed’s mandate into retail banking or how a Fed-issued CBDC won’t politicize the Fed.
“I understand that this issue is in the exploratory stage.
“However, there is potential for significant harm to our financial system if we move forward without sorting through potential consequences.
“That is why last week Committee Republicans sent a letter to Chair Powell outlining exactly where the Federal Reserve should focus its next steps.
“Chair Powell has been outspoken in his view, stating ‘it’s more important to get it right [which] means that we not only look at the potential benefits of a CBDC, but also the potential risks, and recognize the important trade-offs that have to be thought through carefully.’
“I strongly agree with the Chair’s assessment.
“Chair Powell and the discussion paper emphasized, the ‘Federal Reserve does not intend to proceed with issuance of a CBDC without clear support from the executive branch and from Congress, ideally in the form of a specific authorizing law.’
“Since the job rests with Congress to make this decision, we should be thorough in our review.
“Congress should not rush to issue a digital currency.
“Nor should the Fed.
“We both should understand whether the benefits of a digital currency actually outweigh the risks before any further congressional action is considered.
“I yield back.”
- House Financial Services GOP
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>>> OVERSIGHT GOP PUSHES BIDEN FOR PLAN TO REPLENISH STRATEGIC PETROLEUM RESERVE
Yesterday, House Committee on Oversight and Reform Ranking Member James Comer (R-Ky.), Congressman Fred Keller (R-Pa.), and Oversight Committee Republicans pushed U.S. Department of Energy (DOE) Secretary Jennifer Granholm to provide the Biden Administration’s plan to replenish the Strategic Petroleum Reserve (SPR). The SPR is intended for emergency supply chain disruptions—not as a stop gap to make up for the Democrats’ war on domestic energy production. In their letter to Secretary Granholm, the Republican lawmakers emphasized how Americans continue to suffer from skyrocketing gasoline prices despite the unprecedented release of oil from U.S. reserves and requested an immediate briefing to ensure the Administration is working to refill the SPR and encourage domestic energy production.
“Committee on Oversight and Reform Republicans are conducting oversight of the U.S. Department of Energy’s recent announcement regarding a long-term replenishment plan for the Strategic Petroleum Reserve,” wrote the Republican lawmakers. “The Biden Administration has made diminishing domestic energy production a policy priority—causing the price of gasoline to skyrocket. Numerous times throughout the past year, the Biden Administration has released oil from the SPR with the hopes of lowering domestic gas prices. However, despite these actions, gas prices continue to rise and now stand on average at $4.60, the highest-ever average price since AAA began collecting data in 2000. In addition to that, for the first time ever, gas now costs over $4.00 dollars per gallon in every single state. Now more than ever, the DOE should establish policies that strive to produce more domestic energy instead of using an emergency oil supply in a failed attempt to curb inflation.”
On May 5, 2022, DOE announced a buyback process to replenish a fraction of the 180 million emergency barrels that were previously released by the Biden Administration. As of May 13, 2022, the stockpile in the SPR was 538 million barrels, which is the lowest amount since 1987. The SPR was created in 1973 so the U.S. would have a stockpile of crude oil supply in the case of an emergency. The SPR currently has the capacity to hold 727 million barrels of oil, but after the Biden Administration’s announcement that it plans to release 180 million additional barrels over the next six months, the supply will be critically low.
“We request a briefing to better understand how the DOE intends to implement policies that increase domestic energy production while also restoring the SPR to its intended purpose of protecting the United States from global supply disruption,” continued the Republican lawmakers. “Instead of relying on false promises that a release from the SPR will reduce gas prices, the U.S. should enact polices that re-position itself as a major global energy producer. The American people deserve to know more about DOE’s plan to backfill the SPR. Americans are suffering from record high 8.3 percent inflation including an energy index increase of 30 percent over the last 12 months. The Administration owes the American people answers.”
- House Oversight GOP
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