6 months into the 118th Congress, the tale of two parties continues. This week, House Republicans advanced a massive tax package, showing precisely where their loyalties lie--in helping large, multibillion- dollar corporations, Big Oil polluters, and those at the very, very top. Today, the President is reminding the American people where Democrats' loyalties lie--with ordinary families who want to lower costs and who have had it with junk fees that nickel and dime people every single day. President Biden used his State of the Union Address to call out companies that exploit consumers through surprise fees on everything from credit cards, bank overdrafts, hotel resort purchases, and air travel. Today, he is holding a roundtable discussion with companies at the White House on the progress they have made in eliminating surprise fees. I cannot tell you how many times people have come up to me in New York, exasperated by junk fees, oftentimes at the last minute. Many times, they know nothing about them until they are asked to pay them. It is precisely the kind of abuse that frustrates Americans to no end and which the Federal Government can address. It is why, in the House, I authored legislation to protect Americans from surprise expenses on their credit card bills by requiring credit card companies to clearly break down all fees and interest rates. They call it the ``Schumer Box''--a nickname I am proud has stuck. And junk fees are everywhere.…
On the recordJune 15, 2023
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