On the recordFebruary 18, 2025
Later today, the Senate will vote on the nomination of Howard Lutnick, President Trump's nominee to be Secretary of Commerce. The Secretary of Commerce has an important job. He or she is charged with promoting American industry at home and abroad and keeping our economy competitive, both now and into the future. I am glad President Trump has chosen an outcome-driven leader like Howard Lutnick for such an important post. Mr. Lutnick is a successful businessman who has spent four decades building up Cantor Fitzgerald, the firm that hired him after college. He is an inventor whose name appears on over 800 patents and patent applications around the world. He is someone who is not only passionate about business but who cares deeply about people. Howard Lutnick's greatest business achievement is not building his own success or building up a company; it is rebuilding Cantor Fitzgerald over the last 24 years because Cantor Fitzgerald occupied the 101st through 105th floors of the World Trade Center North Tower. On September 11, 2001, every single employee who was in the office died--658 people, including Howard's brother. It was unclear whether the firm could go on after losing two-thirds of its New York staff. So Howard Lutnick offered the surviving employees a choice. They could either go to 20 funerals a day for the next month or they could work harder than ever to rebuild a company to take care of the families of those who had died.…





