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.”
Lee and Romney Join Effort to Prevent President from Unilaterally Suspending Energy Leases on Federal Lands
Jan 28, 2021
WASHINGTON – U.S. Senators Mike Lee (R-UT) and Mitt Romney (R-UT) joined their colleagues, led by Senator Cynthia Lummis (R-WY), in introducing the Protecting our Wealth of Energy Resources (POWER) Act of 2021. The POWER Act would prohibit the president or his secretaries of the Interior, Agriculture, and Energy departments from blocking energy or mineral leasing and permitting on federal lands and waters without Congressional approval.
“President Biden’s energy moratorium has already done considerable damage to Utah’s economy. President’s should not have the unilateral power to kill jobs like this. The POWER Act will check the president’s power by giving Congress a say in future leasing disruptions,” Sen. Lee said.
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.
