Bennet Statement on Last-Minute Ideological Effort to Strip Federal Reserve Authorities

Washington, D.C. – Today, Colorado U.S. Senator Michael Bennet released the following statement on Republicans’ last-minute ideological effort to strip Federal Reserve authorities, holding up critical Coronavirus Disease 2019 (COVID-19) relief: 

“I can't believe that at the eleventh hour what seems to be holding up a bipartisan agreement is an ideological effort to remove critical authorities that President Trump has had available to him, just because President-elect Biden is about to take office. These authorities should be maintained to allow for the Federal Reserve to act to prevent hardship to families across the country. If ever there is a time to put politics aside and do the right thing, it should be in the middle of a pandemic and corresponding economic crisis. President Trump had these authorities available to him. President-elect Biden should too.”