Press Releases
Sen. Lee Introduces Cancel the Coin Act to Eliminate Debt Limit Loophole
Feb 3, 2021
WASHINGTON – Sen. Mike Lee (R-UT) issued the following statement Wednesday after introducing the Cancel the Coin Act earlier this week. The bill would remove the Treasury Secretary’s ability to mint coins of any value.
“If the current budget resolution shows anything, it is that this Administration does not see the ballooning federal deficit as a problem,” Sen. Lee said. “A modern monetary theory-inspired spending spree would be disastrous for the American economy and the American way of life.
Sen. Lee Comments on Biden Budget Vote
Feb 2, 2021
WASHINGTON – Sen. Mike Lee (R-UT) issued the following statement Tuesday after voting against the motion to proceed on a budget resolution:
“The $2 trillion dollar Biden stimulus package that the Democrats are starting to ram through this week has nothing to do with recovery from COVID and everything to do with bailing out and rewarding interest groups.”
Sen. Lee Introduces PPP Protection Legislation
Jan 28, 2021
WASHINGTON – Sen. Mike Lee (R-UT) issued the following statement Thursday after introducing legislation earlier in the week to ease the regulatory burden on banks participating in the Paycheck Protection Program (PPP).
“The Paycheck Protection Program has become an essential vehicle for protecting millions of small businesses and hundreds of millions of jobs. The CFPB unauthorized attacks on banks participating in this program is putting all of these businesses and jobs at risk. Congress needs to act now to prevent CFPB meddling from creating any further delay in PPP lending and loan forgiveness,” Sen. Lee said.
Sen. Lee Comments on President Biden’s Job Killing Energy Order
Jan 28, 2021
WASHINGTON – Sen. Mike Lee (R-UT) issued the following statement Wednesday, after President Biden signed an executive order halting oil and gas leasing on federal lands.
“Today the Biden Administration has taken yet another step to force their elitist coastal values on the rest of America. President Biden’s moratorium on oil and gas leasing on federal lands, will impact states across the west like Utah deeply, affecting education budgets, civil services and much more.
