Tim Scott

I hope to build on this legacy of success in the coming years, increasing access to auto-portability in order to open the door to opportunity and long-term prosperity for more working Americans.

Unfortunately, this cash out problem hits African Americans particularly hard because they are 62 percent more likely to cash out over time.

One of the best ways to improve retirement security for working families is to make it easier for people who change jobs to move their savings to their new employer's 401(k).

I hope the Biden administration will be more aggressive. I hope in your role as Secretary of Homeland Security you will be more aggressive.

If we do, I believe we are going to see democracy and freedom in Cuba.

I am really surprised, and actually disappointed, that you have not been more vocal about what is going on in Cuba.

We have to do everything we can to help them. We have to get the Internet back on. We have to speak about it.

I think bills like my Made in America Act that would provide more reasons to bring your PPE home and your generic drugs being made here in America is a necessary component of what I consider resiliency.

I'm hesitant for Congress to rush to put a permanent pandemic solution in place when the story is still only half written.

In my home State of South Carolina, our thriving tourism and hospitality industries were especially hit hard.

Not 'if' we are going to have another one but 'when' we have another one, are we going to be more resilient and better prepared?

The U.S. economy was the strongest it has ever been, and strengthening every day.

Congress, on nearly a unanimous basis, chose the PPP as the appropriate approach to quickly getting cash.

Under the previous administration we saw unemployment rates at 3.5 percent, the lowest in more than a half a century.

In early spring of last year, our country was in the midst of an unprecedented economic boom as the progrowth policies put in place over the previous 4 years fueled robust job creation and helped hard-working Americans hold on to more of…

I do think that the Flood Insurance Program is the reason why I raised the question in premiums collected versus benefits paid out or claims paid out.

One of the things that Senator Moran was leaning into that I think is very important is the ability to collect premiums before an event.

I tell you, this is a fascinating conversation.

I just wanted to make sure I was right. So when we were talking about the $4.5 billion coming in for business interruption, for a $1 trillion monthly claim, that is kind of hard to pay.

Fortunately, Congress acted quickly to pass the CARES Act, putting much-needed cash directly into the hands of American workers.

The U.S. unemployment rate hit the lowest level in half a century (3.5 percent), average hourly earnings were on the rise, and the overall poverty rate reached a historic low (10.5 percent).

This is a very interesting and important conversation, so I look forward to continuing it.

The fact that we are having a conversation where the insurance industry is willing to lean in at all is a fascinating conversation to be a part of.

Thank you, Mr. Chairman, and I am sure that you all are aware of the fact that I spent some years in the insurance business with an Allstate franchise.

Thank you for holding this very important hearing for us to do more research on the important ways that we can handle the next pandemic.