I'm working on bipartisan legislation to claw back money when executives take big bonuses for blowing up their banks.

A vision without funding is a hallucination.

This is exactly the kind of deregulatory shift I warned about in 2018, when I opposed Powell's nomination as Fed Chair.

What Congress did is say anything below $250 billion is wiped clean.

Senator Scott and I also introduced a bill, which was included in a separate bill with Sen. Tillis, to give the Fed a true, Senate-confirmed independent Inspector General to serve as an agency watchdog.

I have introduced a bill to repeal Title IV of S. 2155, which would undo the Fed's deregulation of the biggest banks.

I warned about in 2018 when 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.

So let me just get this straight. Two-thirds of the people that oversee each of the Reserve banks, and hand-pick the leadership, are elected by the very same banks that are regulated by the Reserve bank, and three of those people actually…

if we don't have public engagement and consultation with tribal and environmental justice groups, and if environmental assessment and impact statements are rushed or poorly done, progress can be held up in the courts and wind up with even…

Some of the Republican proposals for permitting are the equivalent of trying to fix the car by throwing out the brakes and the steering column.

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

the Fed should have used its authority to apply stronger rules to banks with more than $100 billion in assets.

Welcome to the hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy.

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

This is suspicious timing, but you did not look into this trade as part of your investigation.

Senator Rick Scott and I introduced a bipartisan bill today that would prohibit big bankers from serving as Reserve bank directors.

Right now, our project development systems in the country, it is like a car moving slowly down a bumpy road.

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