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I joined with several of my colleagues here to send you a letter urging you to reject a pending proposal by a private prediction market operator that could allow for illegal gambling on U.S. elections and their outcomes.
Senator Van Hollen and I have a bill to basically say the foreign investors and the foreign executives have to follow the same rules as the American executives.
This would interfere directly in ongoing cases?
The idea was to make sure that companies, no matter where they are in the world, that are accessing our markets and using our exchanges, play by the same rules as American companies here.
I am pleased to be his co-sponsor, legislation to make sure that companies and executives of companies, no matter where they are operating, comply with the same processes for disclosure regarding insider trading.
The consequence of these actions could significantly weaken the cop on the beat who is looking out for the investing public.
Another ongoing effort, as you know, which was launched a number of years ago now, was to put a price cap on Russian oil in order to reduce Russian oil revenues.
Could you just update the Committee on where that effort stands in discussions with our partners, with the G7, and elsewhere?
I want to thank you and your team for the work that you are doing to implement the provisions of that legislation.
Joint action, collective action is going to be essential for that to be successful.
I want to applaud your continued efforts to implement tough sanctions on Russia, including the price cap to reduce Russian oil revenues.
I do want to commend you and the President for your efforts to address the lack of affordable housing.
I appreciate that update, and I do hope action will be taken soon, because the trajectory... is clearly in the wrong direction.
I think that while China has not provided any direct military support in the form of weapons, we have seen, according to American assessments, a large surge of Chinese sales to Russia of machine tools, microelectronics, and other…
You have made it clear that the United States will work to build consensus with our G7 allies on a plan to utilize the value of immobilized Russian sovereign assets.
I look forward to hearing more from you today about how this request can advance the Treasury Department's important missions here at home and abroad.
I want to thank you and your team for that.