On the recordDecember 18, 2020
before I give my remarks, I would like to say that I hope the rumors are true that we are getting close to a deal here. The country needs us to reach a bipartisan deal, as we did in March, unanimously, when we passed the CARES Act here. It is time for us to do that again. In Colorado and all across the country cases are spiking and the economy is slowing down. People need relief. They need help. I hope we will come together in a bipartisan way and do that. I hope that the deal is not going to come crashing down because of a disagreement about what the Federal Reserve's authority ought to be under the 13(3) program. That is an important program for the Federal Reserve to help when things are really distressed in our economy--to help our small businesses, our State and local governments, and working families all over this country. It is an authority that Donald Trump used--or that the Fed used while Donald Trump was President. People on both sides of the aisle said it was an effective authority, and if it is an effective authority for President Trump, it should not be taken away from the Federal Reserve just because Joe Biden is becoming President of the United States. So I hope that we will come to an agreement. I expect that we will. I hope it is soon. People need the help
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