Schumer Touts Provision of Stimulus Bills That Blocks Trump Businesses From Getting Loans
The $2 trillion stimulus bill may not have everything Democrats want in it, and that is OK, according to Senate Minority Chuck Schumer (D-N.Y.). “It is a good bill, does it have everything we need? No,” Schumer said in…
The $2 trillion stimulus bill may not have everything Democrats want in it, and that is OK, according to Senate Minority Chuck Schumer (D-N.Y.).
“It is a good bill, does it have everything we need? No,” Schumer said in an interview with CNN on Wednesday. He added, “This is the art of compromise, this is the art of coming together.”
While the bill has been stripped of many Democratic provisions Republicans balked at, Schumer said they were able to insert one provision designed to keep President Donald Trump’s businesses — or businesses owned by members of Congress or the administration — from receiving grants or loans from the bill.
“We wrote a provision. Not just the President, but any major figure in government — Cabinet, Senate, Congressman — if they or their family have majority control, they can’t get grants or loans,” Schumer said.
He added, “And that makes sense, those of us who write the law shouldn’t benefit from the law.”
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Schumer’s comments come two days after The Washington Post reported that the Trump Organization closed six of its most profitable properties due to restrictions imposed to help stop the spread of the coronavirus.
The move comes as several other