I welcome the President's Working Group report that your group put forward to Congress and to the public about recognizing stablecoins.

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.

What we are trying to do here is make this a very straightforward stable product.

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.

If we want to raise people out of poverty, if we want to ensure that Americans have the opportunity to enter the middle class, and if we believe that workers deserve a decent wage for an honest day's work, then we must enact a meaningful…

Mr. Speaker, I thank my good friend, Congresswoman Frankel, for her efforts to recognize the hard work and dedication of Benjamin Ferencz. It is quite fitting that Mr. Ferencz be awarded the Congressional Gold Medal for his remarkable work…

Therefore, I'm committed to working with my colleagues to pass the Wage Theft Prevention and Wage Recovery Act of 2022 to ensure workers receive the wages that they earn.

Too often, dishonest employers cheat their employees out of the wages that they are legally entitled to receive.

This is a multi-billion-dollar problem. Each year, dishonest employers steal at least $15 billion from workers' paychecks in minimum wage violations alone.

Ultimately, wage theft prevents workers from taking meaningful steps to enter the middle class.

Therefore, it certainly looks like it is cheaper to willingly violate the F-L-S-A than it is to pay employees what they are entitled to receive.

Raising the Federal minimum wage is an issue of great importance to me and many of the Members of this Subcommittee.

I want to stress that each dollar invested in the NIH is, in my view, a down payment on our future.

We have lost a million Americans in a year, or 18 months or so. That is an extraordinary thing.

If the resources aren't there early and often, you don't have the resources.

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.