I thought I'd seen this in Bloomberg a few weeks ago, but it was a very similar article in the Guardian: https://www.theguardian.com/business/2017/jul/29/incredible-... .
This article doesn't seem to mention Chuck Schumer's efforts on the issue (at least as of last February; maybe he's forgotten it since): https://www.theguardian.com/business/2016/feb/28/charles-sch... .