[Congressional Record Volume 167, Number 51 (Thursday, March 18, 2021)]
[Senate]
[Page S1624]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
AMERICAN RESCUE PLAN ACT OF 2021
Mr. SCHUMER. Mr. President, now on the American Rescue Plan. As
Americans learn more and more about ARP, the American Rescue Plan, the
more popular it becomes and the more optimistic Americans feel about
our economic recovery.
Across the country, the support for the rescue plan has risen to over
70 percent. In January of this year, before President Biden took office
and Democrats assumed the majority of the Senate, more than four in
five Americans believed America was on the wrong track; less than one
in five said it was on the right track.
Now a majority, 55 percent, believe the country is headed in the
right direction. It is back on the right track. That is a dramatic turn
rather quickly, but I think it is, in part, because of the good work we
have done here in the Senate.
Now we have learned something else: Consumer confidence has increased
faster after the passage of the American Rescue Plan than after any of
the other stimulus bills passed by Congress, particularly among low-
and middle-income Americans, who have suffered the most.
That is fantastic news. Americans at the top have been able to
survive the pandemic much more easily than Americans at the lower end
of the ladder. For that reason, economists have long feared a K-shaped
recovery in which high-income earners recover quickly, while middle-
and low-income earners are left behind.
The American Rescue Plan is finally restoring confidence and support
for Americans at the middle and at the bottom, helping drive a robust
recovery for everyone.
One crucial aspect of that recovery is support for housing. As we all
know, during the pandemic, tens of millions of Americans were out of
work and drained family incomes. Americans were forced into impossible
choices: Do I pay the rent and utilities this month or do I buy another
few weeks of groceries?
Sadly, more than 13 million Americans report that they have fallen
behind on the rent, especially Black and Brown Americans.
So when Senate Democrats put together the American Rescue Plan, we
made one of the most significant investments in housing assistance in
recent history: more than $20 billion in emergency aid for low-income
renters, those at the greatest risk of eviction; $10 billion to help
homeowners behind on mortgages and utilities to avoid foreclosure.
We include crucial support for rural America, homeowners struggling
with the mortgage, and Americans, particularly veterans, who have
recently fallen into homelessness or at risk of homelessness.
The American Rescue Plan goes further in delivering housing
assistance to Tribal Nations and Native Hawaiians, more than any other
housing bill in history.
The American Rescue Plan, quite literally, will keep a roof over
Americans' heads. It is just one of the many ways the ARP delivers
relief to struggling Americans and sets the stage for a supercharged
economic recovery.
I yield the floor.
I suggest the absence of a quorum.
The PRESIDING OFFICER. The clerk will call the roll.
The senior assistant legislative clerk proceeded to call the roll.
Mr. McCONNELL. Mr. President, I ask unanimous consent that the order
for the quorum call be rescinded.
The ACTING PRESIDENT pro tempore. Without objection, it is so
ordered.
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