But Dodd-Frank was about de-risking the big banks, and now the President's Working Group contemplates that we are going to add more risk to these institutions.
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I welcome the President's Working Group report that your group put forward to Congress and to the public about recognizing stablecoins.
We don't have a Federal regulatory regime for stablecoins, and we need it, and I think there is bipartisan understanding of that.
Today, Secretary Yellen, I think we should be focused on the challenges posed by Russia's invasion and the consequences to the global economy.
The Financial Stability Oversight Council, or FSOC, is charged with identifying and responding to emerging risk to our financial system.
I am glad to see that President Biden has rolled that back.
The Trump administration, I think it is fair to say, weaponized that program, expanded it greatly.
I remember when I first became chair of this subcommittee some years ago, we had a hearing with ICE.
Chairwoman Wasserman Schultz, you alluded to this need in your testimony during last week's Quality of Life Hearing, and I appreciate your advocacy.
The last thing members or our military should be concerned about is being able to provide childcare while a spouse is working, or service member is deployed.
I implore you to see what is at stake here as Fort Bragg needs this investment to be able to respond to the next global crisis.
We are asking a heck of a lot of our teachers and our staff while paying them too little.
We have got a bill that creates incentives for teachers to stay in the profession.
We have about 4,100 unfilled teaching positions, paraprofessionals, other staff.
We have got to do something legislatively and play a role in helping to get our Nation in a better place.
I think this is an indispensable national priority that I think we just got a serious lesson how important these investments are.
This won't be the last one we see. We know that the biosphere will continue to throw things at us.
We have lost a million Americans in a year, or 18 months or so. That is an extraordinary thing.