Top GOP senator urges agencies to protect renters, banks amid coronavirus aid negotiations

Top GOP senator urges agencies to protect renters, banks amid coronavirus aid negotiations
© Bonnie Cash

The chair of the Senate Banking Committee is reportedly urging federal regulatory agencies to take discretionary action to halt evictions and loosen rules for loans as congressional negotiators struggle over the next round of coronavirus stimulus legislation.

Politico reported Monday that Sen. Mike CrapoMichael (Mike) Dean CrapoBottom line Davis: The Hall of Shame for GOP senators who remain silent on Donald Trump Top GOP senator urges agencies to protect renters, banks amid coronavirus aid negotiations MORE (R-Idaho) sent a letter Friday to top officials at various federal agencies asking them to keep up the search for ways to help citizens and businesses recover from the economic impacts of the pandemic.

"Although there are already early, encouraging signs that the U.S. economy is beginning to heal, federal financial regulators must remain diligent, and continue to provide relief in light of a pandemic and economic conditions that continue to evolve," the letter reportedly reads.

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Among the recipients of the letter reported by Politico were top officials at the Department of Housing and Urban Development and the Federal Reserve, as well as other smaller agencies such as the National Credit Union Administration.

The language and timing of Crapo's letter suggests that top Senate Republicans still view the possibility of passing a second major round of economic stimulus in the near future with skepticism. Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellHawley warns Schumer to steer clear of Catholic-based criticisms of Barrett Senate GOP set to vote on Trump's Supreme Court pick before election Harris slams Trump's Supreme Court pick as an attempt to 'destroy the Affordable Care Act' MORE (R-Ky.) has indicated that he believes more than a dozen GOP senators could wind up voting against any stimulus package that makes it to the floor.

"I think there are 15-20 of my guys that are not going to vote for anything. ... It's a statement of the obvious that we will not have everybody on our side," McConnell told a Kentucky radio station late last month.

Speaker Nancy PelosiNancy PelosiPelosi: Trump Supreme Court pick 'threatens' Affordable Care Act Sunday shows preview: Lawmakers prepare for SCOTUS confirmation hearings before election Will Democrats attempt to pack the Supreme Court again? MORE (D-Calif.) and Senate Minority Leader Charles SchumerChuck SchumerPelosi: Trump Supreme Court pick 'threatens' Affordable Care Act Will Democrats attempt to pack the Supreme Court again? Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' MORE (D-N.Y.) are meeting again Monday with Treasury Secretary Steven MnuchinSteven Terner MnuchinCentrist Democrats got their COVID bill, now they want a vote The Hill's Morning Report - Sponsored by Facebook - Republicans lawmakers rebuke Trump on election On The Money: Anxious Democrats push for vote on COVID-19 aid | Pelosi, Mnuchin ready to restart talks | Weekly jobless claims increase | Senate treads close to shutdown deadline MORE and White House chief of staff Mark MeadowsMark Randall MeadowsSunday shows preview: Lawmakers prepare for SCOTUS confirmation hearings before election White House chief of staff knocks FBI director over testimony on election fraud Anxious Democrats amp up pressure for vote on COVID-19 aid MORE as the two sides try to reach some kind of a deal before the August recess.