With over 8 million people in default over student loans, the lawmakers say that such a move could boost the economy.
Elizabeth Warren
Progressive advocates and lawmakers have warned that Powell is soft on Wall Street and climate issues.
Warren called U.S. cannabis policy “failed and racist” as Biden faces mounting pressure to take executive action.
The Political CRIMES Act would clarify that ex-officials are subject to the Hatch Act and increase the violation fee.
Current laws allow lawmakers-turned-lobbyists to use funds from defunct campaigns to influence politicians.
Less than a quarter of the $46.5 billion has been distributed since Congress authorized the funds last December.
The tax would be levied on profits that corporations report to shareholders with the aim of capturing a truer tax rate.
The tax would be levied only on the investment incomes of the wealthiest 0.0002 percent of Americans.
The agency is floundering after reports unveiled huge stock trades by top officials in the agency over the pandemic.
The sale came on the first day of October 2020, which was among the worst months of the pandemic for the stock market.