The reason we are here today is to identify those challenges and chart a path toward a future where help is there when you need it.

Right. OK. So this chummy little group is making a lot of policy here, and nobody else gets to see it.

Then how could you say there was no evidence that anyone violated the rules? It clearly violated the rules.

Now I think it is long past time that Congress finally acts, and I have bipartisan legislation with Senator Scott to do that.

the Fed failed at every step along the way, from the Board of Governors at the very top to the San Francisco Fed Bank examiners on the ground.

the tailoring rules meant that Silicon Valley Bank, for example, did not have to do a lot of incredibly important things.

you do not get to write a law that shoves the Fed in a strictly deregulatory direction and then turn around and say, 'Gee, we wish they had not deregulated.'

So it sounds like to me that this is clearly a case of the fox guarding the henhouse all the way through the system here.

Thank you to Senator Marshall for your shared commitment to addressing the mental health and substance use crisis in the United States.

It is to say pull back on this regulation and give a green light for massive and undiversified growth.

The actions of the Chair of the Federal Reserve and a Governor of the Federal Reserve were unambiguously inconsistent with the Fed's rules.

To restore public confidence in the Fed, we need a strong, Senate-confirmed inspector general to conduct rigorous, independent oversight.

I am of the opinion, as are many of my colleagues on this side, that reinstating the Dodd-Frank regulatory requirements on mid-sized banks, that were rolled back in 2018 by Republicans, is really critical.

I think that the proposal from you and Senator Scott, which I have reviewed, does not go as far as I would like.

I have got an idea, a bipartisan idea that I am introducing with Senator Rick Scott today: get the big bankers off the Federal Reserve boards of directors.

I opposed Powell's nomination as Fed Chair and again in 2021, when I said that he was a dangerous man to keep at the Fed.

But methadone for opioid use disorder, it has a stigma. It is restricted.

The Fed's own report on the SVB failure identified problems high and low.