Michael S. Barr: “Overall, our banking system is sound and resilient.”

The answer is that the Biden Administration allowed this to happen by pursuing a policy of weakness and appeasement that allowed Iran to finance this invasion.

We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector and a thriving economy.

Community banks are exempt from this proposal. It only covers the top 37 banks in the country.

We are playing right into China's strategy.