But small businesses and workers do not need a $1.9 trillion bill that is wasteful, not at all targeted, and largely unrelated to COVID.

The economy is in recovery mode.

President Biden and our Democratic colleagues are pushing a $1.9 trillion bill that is completely detached from any kind of economic reality.

It seems pretty clear that what this amounts to is the Government picking winners and losers.

The Government can set any minimum wage it wants, but there is always a minimum wage of zero.

In my view, the previous administration did not always follow all of these requirements.

The Democratic plan is not an economic relief bill, as its size and its content bears no relation to the economic circumstances we are in.

There was not a shortage of remdesivir. There was not a problem with people who could not afford it.

It creates a chilling effect and seriously discourages future investment.

Thank you, Mr. Chairman, and thank you, Chairman Powell. Welcome back to the Banking Committee.

I would like to stress we have already allocated $1 trillion in direct assistance to individuals, and that is a big part of why in the aggregate household income is so high.

The focus of Congress should be working to return the economy to the pre-COVID strength.