WASHINGTON – U.S. Senator Chris Coons (D-Del.), the top Democrat on the Financial Services and General Government (FSGG) Appropriations Subcommittee, today spoke on the Senate floor to urge his colleagues to pass a full omnibus spending agreement that adheres to the bipartisan budget deal agreed to in October between Democrat and Republican leaders and the White House without adding ‘poison pill’ riders, specifically those that would dismantle Wall Street reform.
Excerpts from Senator Coons’ remarks below:
“Now, barely three weeks later, barely three weeks since bipartisan majorities approved the agreement – in both letter and spirit– here we are again, staring down a potential government shutdown we all thought we’d avoided because there are some insistence here, some colleagues who are insisting on poisoning the very appropriations bills with policy riders that they know are opposed and that would undermine the ability of the federal government to function.
“Let’s be clear – the policy riders we’re discussing, the policy riders I’m objecting to, don’t represent a good-faith policy debate. These are predominately partisan political priorities that Republicans are otherwise unwilling to otherwise bring to the floor of this chamber because they know they aren’t popular with the American people.
“As the Ranking Member of the Financial Services Appropriation Subcommittee, I want to be clear that it’s particularly unacceptable to me to use the appropriations process to roll back the many of the critical Wall Street reforms put in place over five years ago in response to the financial crisis that was devastating to the economy, to families, and to businesses throughout Delaware and the country.
“If the Majority wants to bring a bill to the floor that rolls back some of the key consumer protections put in place in the Dodd-Frank bill – then let’s have that debate. Frankly, it is a debate we have been at times engaged in on large- and small-scale issues.
“The problem for my colleagues is that they don’t have enough support in the Senate to pass these changes in a standalone bill. That’s why they’ve taken the troubling step of jamming a 200 page bill, an entire banking bill, loaded with controversial riders right into a must-pass, last-minute government funding bill.
Senator Coons’ full remarks below:
“Mr. President, just three, short weeks ago, many of us, many of my colleagues, enthusiastically welcomed the budget agreement reached between the White House and Congressional leaders of both parties.
“It was a budget agreement that put aside the short-term, shutdown politics and gave us the opportunity to finally give American families and businesses the longer-term economic certainty they need and deserve.
“It was a budget agreement that made balanced increases in both defense and non-defense discretionary spending – increases that were fully paid for.
“It was a budget agreement that was negotiated in good faith by Republican and Democratic leadership and the White House.
“It was just a preview of what we might be able to accomplish if we put the politics of the moment, the partisan politics of the 2016 campaigns and other issues aside and actually focused on getting some things done.
“Now, barely three weeks later, barely three weeks since bipartisan majorities approved the agreement – in both letter and spirit– here we are again, staring down a potential government shutdown we all thought we’d avoided because there are some insistence here, some colleagues who are insisting on poisoning the very appropriations bills with policy riders that they know are opposed and that would undermine the ability of the federal government to function.
“Let’s be clear – the policy riders we’re discussing, the policy riders I’m objecting to, don’t represent a good-faith policy debate. These are predominately partisan political priorities that Republicans are otherwise unwilling to otherwise bring to the floor of this chamber because they know they aren’t popular with the American people.
“For example, we should not be using, in my view, the appropriations process to try and dismantle or sideline the Environmental Protection Agency and put clean air, and clean water, and climate action at risk.
“If the Majority wants to make devastating cuts to Planned Parenthood – which more than 8,000 residents of my home state of Delaware rely on for health care and family planning – I think my colleagues should bring it to the floor in a separate bill so the American people know that that is the focus of the legislation.
“Mr. President, I join my colleagues today to make it clear that we’re not going to use the appropriations process to pass narrow, ideological riders that would not otherwise have been considered on this floor and not made it through the appropriate process.
“As the Ranking Member of the Financial Services Appropriation Subcommittee, I want to be clear that it’s particularly unacceptable to me to use the appropriations process to roll back the many of the critical Wall Street reforms put in place over five years ago in response to the financial crisis that was devastating to the economy, to families, and to businesses throughout Delaware and the country.
“If the Majority wants to bring a bill to the floor that rolls back some of the key consumer protections put in place in the Dodd-Frank bill – then let’s have that debate. Frankly, it is a debate we have been at times engaged in on large- and small-scale issues.
“The problem for my colleagues is that they don’t have enough support in the Senate to pass these changes in a standalone bill. That’s why they’ve taken the troubling step of jamming a 200 page bill, an entire banking bill, loaded with controversial riders right into a must-pass, last-minute government funding bill.
“Mr. President, ask my colleagues – it is my hope, my expectation that many of my Republican colleagues would say that I give honest and thorough consideration to new policy proposals – even ones I’m disinclined to agree with.
“And I’m open to discussing ways to improve existing reforms so we don’t unfairly burden, for example, small community banks that were not responsible for the financial crisis. No legislation is perfect, but compromising and improving is what authorizing bills, policymaking bills are all about. But the examples that I just referenced are a few of many areas that should not be jammed into an appropriations bill last minute without being thoroughly and carefully vetted by the authorizing committee.
“It would be difficult for me today to address all the different policy riders that are in the various pieces of the appropriations bill currently under consideration. They range from education, health, labor, natural resources, environment, civil rights, justice, housing, immigration, voting rights, telecommunications – to name just a few.
“But Mr. President, our budgets, how we spend the taxpayers’ dollars, are a reflection of our priorities. But there’s a substantial difference between using the appropriations process to support a specific program or department or federal activity, and using it to sneak around the legislative process and to jam new, big changes into last minute appropriations bills.
“So instead of manufacturing another crisis here in the days ahead, instead of having to look over the cliff of a government shutdown, let’s get back to a regular order, to fulfill our responsibility to responsibly fund the government, and – separately – engage in positive discussions about how we can make the policy changes we need to ensure that our economy is competitive, that our country is innovative, and that our society continues to benefit from the work we all do here together.
“Mr. President, Paul Ryan has barely had time to set up his new office and settle into his new role – and we’re already back in crisis mode, walking back an agreement that, as I said at the outset, a majority of this Congress supported. And a majority of America cheered.
“So I urge my colleagues to put the middle class and the stability and future of our economy ahead of partisan politics. Let’s negotiate a clean, honest, a clear, omnibus spending bill that is free of poison pill policy riders that only serve to divide this body and unite special interests that at times work against us.
“Thank you, M. President. I yield the floor.”
