I welcome the Fifth Circuit's affirmation of the Nasdaq diversity rule.

Chair Gensler has indeed done a great job of protecting investors through rulemakings on proxy voting and market structure, and even climate change with the disclosures.

That is exactly what I do not want to hear. Thank you. I yield back.

I have heard you often say there is mass noncompliance by crypto firms in the marketplace today.

Instead of marking up sensible bills that have bipartisan support to strengthen the banking system following the three major bank failures earlier this year, Republicans are holding another hearing to attack the Fed, the FDIC, and the OCC…

Regulators should strengthen, not weaken, these critical banking rules to protect consumers from future bank failures.

I think that the rhetoric around an arms race has been particularly unhelpful.

Almost half of these countries are in advanced development, pilot, or launch stages of their CBDCs.

We need stronger rules, not deregulation, to avoid future crises.

I want you to know that we have to be tougher. We have to be a lot tougher.

But I thought I would bring up one that I and Chairman Brown of the Senate Banking Committee sent Secretary Yellen regarding the announced merger of the PGA Tour, the DP World Tour, and LIV Golf.

I cannot fathom the logic of slashing funds from an office that is in the midst of implementing a major policy overhaul pertaining to U.S. national security.

That is why, under Democrat leadership, this committee passed landmark legislation to protect our national security and to prevent the abuse of our financial system by bad actors, both foreign and domestic.

These drastic budget cuts will only slow implementation of the CTA, weaken FinCEN's ability to pursue bad actors, and ultimately, jeopardize our national security.

That is an astonishingly-low amount that is provided by House Republicans in the recently-marked-up Financial Services and Central Government Appropriations bill.

resources are important, and they are needed in order to do the job

I would like to take a point of personal privilege to acknowledge Franklin Thornton, who served our committee as clerk for the past 2 years.

I find it incredibly ironic that Republicans want to limit the ability of the capitalists, shareholders, who are the owners of the companies that power our economy, from proposing initiatives to be voted on at corporate meetings.

Today, Republicans are giving the term, 'investor protection,' new meaning by pushing legislation that would protect investors from their own ideas.

As you know, the SEC's proposed climate risk disclosure rule applies to only publicly-listed companies.

Instead of using Floor time to deal with the real crisis facing the American people, Republicans stopped the culture wars by using Fox News misinformation.

The Republican effort to dismantle ESG is integral to their agenda to gut diversity and inclusion across-the-board.

This House-wide effort is meant to divide Americans by ripping freedoms, rights, and opportunities away from women, people of color, and members of the LGBTQ community.

Since then, and despite promises made by the Chair, Republicans have done absolutely nothing to examine racial or gender inequality in financial services.

I claim the time in opposition. The Acting CHAIR. The gentlewoman from California is recognized for 5 minutes.