Just in time to do the bidding of the "rich and powerful," as one Democratic Senator put it, Vice President Mike Pence was summoned to the Senate chamber on Tuesday night where he cast the tie-breaking vote in order to scrap a federal rule designed to protect consumers from so-called "rip-off clauses" used by Wall Street and other corporations.
"The vice president only shows up in this body when the rich and powerful need him." —Sen. Sherrod Brown (D-Ohio)While in the end it was two Republicans, Sens. Lindsey Graham of South Carolina and John Kennedy of Louisiana, who joined with Democrats and the Senate's two Independents in voting against the resolution, Pence broke the 50-50 tie in order to scrap the rule.
Sen. Elizabeth Warren (D-Mass.), an outspoken propopent of the Consumer Financial Protection Bureau's rule which sought to restrict use of forced arbitration clauses, condemned both Pence and her Republican colleagues for trying to undermine consumer protections by delivering a "gift to the bank lobbyists."
Tonight @VP Pence & the @SenateGOP gave a giant wet kiss to Wall Street. No wonder Americans think the system is rigged against them. It is.
— Elizabeth Warren (@SenWarren) October 25, 2017
"Let's be clear: No organization that represents actual human beings wants the [Senate] to reverse the [CFPB's] arbitration rule," Warren declared in a pair of tweets. "Servicemembers, vets, seniors, and small businesses all support the rule. Only people who don't? Bank lobbyists. Oh, and Equifax."
In a nearly eight-minute speech objecting to the passage of resolution, Warren explained that at a time when "millions of Americans of all parties think Washington is rigged against them," the vote on Tuesday night should be considered "Exhibit A." Watch:
Millions of Americans of all parties think Washington is rigged against them. Tonight’s vote is Exhibit A. pic.twitter.com/0tfDxNahAm
— Elizabeth Warren (@SenWarren) October 25, 2017
Robert Weissman, president of the consumer advocacy group Public Citizen, blasted the Senate Republicans.
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"Voting to allow banks and other financial institutions to rip off customers with impunity is a savage attack on American consumers," Weissman said in a statment. By overturning the rule, he continued, Republicans "are ensuring that predatory banks, payday lenders, credit card companies and other bad actors in the financial industry can steal from Main Street Americans."
Big Banks have restored their Get Out of Jail Free card, meaning more Wells Fargo-scale scandals — and worse — are guaranteed. #RipoffClause
— Public Citizen (@Public_Citizen) October 25, 2017
It was during his floor speech against the passage of the resolution when Sen. Sherrod Brown (D-Ohio) learned that Pence had arrived to provide the deciding vote.
"The vice president only shows up in this body," announced Brown, "when the rich and powerful need him."
Both Warren and Weissman suggested killing the rule would be a major betrayal of Trump's repeated promises to "drain the swam" and protect regular Americans from the ravages and greed of Wall Street predators.
"If President Donald Trump wants to remain true to his promise to defeat cronyism, he should veto this resolution," said Weissman. "But we're not holding our breath, given that he has staffed his Cabinet and White House with Goldman Sachs and other Wall Street refugees."
The official roll call is here (On the Joint Resolution - H. J. Res. 111):
| Alexander (R-TN), Yea Baldwin (D-WI), Nay Barrasso (R-WY), Yea Bennet (D-CO), Nay Blumenthal (D-CT), Nay Blunt (R-MO), Yea Booker (D-NJ), Nay Boozman (R-AR), Yea Brown (D-OH), Nay Burr (R-NC), Yea Cantwell (D-WA), Nay Capito (R-WV), Yea Cardin (D-MD), Nay Carper (D-DE), Nay Casey (D-PA), Nay Cassidy (R-LA), Yea Cochran (R-MS), Yea Collins (R-ME), Yea Coons (D-DE), Nay Corker (R-TN), Yea Cornyn (R-TX), Yea Cortez Masto (D-NV), Nay Cotton (R-AR), Yea Crapo (R-ID), Yea Cruz (R-TX), Yea Daines (R-MT), Yea Donnelly (D-IN), Nay Duckworth (D-IL), Nay Durbin (D-IL), Nay Enzi (R-WY), Yea Ernst (R-IA), Yea Feinstein (D-CA), Nay Fischer (R-NE), Yea Flake (R-AZ), Yea
|
Franken (D-MN), Nay Gardner (R-CO), Yea Gillibrand (D-NY), Nay Graham (R-SC), Nay Grassley (R-IA), Yea Harris (D-CA), Nay Hassan (D-NH), Nay Hatch (R-UT), Yea Heinrich (D-NM), Nay Heitkamp (D-ND), Nay Heller (R-NV), Yea Hirono (D-HI), Nay Hoeven (R-ND), Yea Inhofe (R-OK), Yea Isakson (R-GA), Yea Johnson (R-WI), Yea Kaine (D-VA), Nay Kennedy (R-LA), Nay King (I-ME), Nay Klobuchar (D-MN), Nay Lankford (R-OK), Yea Leahy (D-VT), Nay Lee (R-UT), Yea Manchin (D-WV), Nay Markey (D-MA), Nay McCain (R-AZ), Yea McCaskill (D-MO), Nay McConnell (R-KY), Yea Menendez (D-NJ), Nay Merkley (D-OR), Nay Moran (R-KS), Yea Murkowski (R-AK), Yea Murphy (D-CT), Nay Murray (D-WA), Nay |
Nelson (D-FL), Nay Paul (R-KY), Yea Perdue (R-GA), Yea Peters (D-MI), Nay Portman (R-OH), Yea Reed (D-RI), Nay Risch (R-ID), Yea Roberts (R-KS), Yea Rounds (R-SD), Yea Rubio (R-FL), Yea Sanders (I-VT), Nay Sasse (R-NE), Yea Schatz (D-HI), Nay Schumer (D-NY), Nay Scott (R-SC), Yea Shaheen (D-NH), Nay Shelby (R-AL), Yea Stabenow (D-MI), Nay Strange (R-AL), Yea Sullivan (R-AK), Yea Tester (D-MT), Nay Thune (R-SD), Yea Tillis (R-NC), Yea Toomey (R-PA), Yea Udall (D-NM), Nay Van Hollen (D-MD), Nay Warner (D-VA), Nay Warren (D-MA), Nay Whitehouse (D-RI), Nay Wicker (R-MS), Yea Wyden (D-OR), Nay Young (R-IN), Yea |
