Steven Mnuchin: “If the tax were put on U.S. Government securities, it would clearly just raise the cost of the government borrowing.”

The reforms would standardize the approach to capital regulation, improve the quality and consistency of bank capital requirements, and level the playing field for U.S. banks.

There is simply no justification or justifiable reason to take these tools away, with the pandemic crisis worse than it has been.

Housing reform is something we are very focused on, particularly because of the disproportionate impact on certain communities.

I would urge Congress to move quickly on the PPP, for which there seems to be enormous bipartisan support.