These changes will not result in higher-credit-score borrowers subsidizing lower-credit-score borrowers.

I thank the gentlewoman from Florida for affording me this time. I am very pleased to join with all of my colleagues in the Congressional Black Caucus to honor the veterans, African-American, Black veterans, who have served this country so…

the Federal Reserve Board the option to decline any registration of a State-approved stablecoin issuer.

There has to be a role for the Fed to review applications and reject them if they don't meet certain requirements.

I am getting from individuals who had these adjustable rate mortgages that their loans have increased over $1,000 in some cases.

I want to be clear that although I have withheld my objections at this time, going forward, we will not hesitate to object if this kind of coordination does not occur in advance.

I asked for a hearing of the Full Committee.

The leadership of these banks must be held accountable for running their banks into the ground.

While Republicans try to downplay any role that deregulation played in these regional bank failures, I was pleased when one of their witnesses at last week's hearing, Ms. Margaret Tahyar, conceded that there were regulatory improvements…

Right now, the United States economy is being held hostage by Speaker McCarthy and extreme MAGA Republicans, who have issued a series of radical demands. In their demands, they are saying that if they are not met, they will force the…

It is clear that there are major consequences when cryptocurrency entities operate without robust Federal oversight and protections for customers.

We need legislative action to ensure that digital asset entities cannot operate in the shadows outside of robust Federal oversight and clear rules of the road.

Based on what I am seeing, everybody is to blame.

The NFIP is drowning in $25.5 billion in debt.

Oh, that doesn't make good sense.

Despite what those across the aisle may say, we do not need to create an entirely new and special framework for crypto; we already have one.

Last week, I questioned SEC Chair Gensler about whether the agency has the authorities it needs...

In just a few months, the United States is on track to default on its debt for the first time in history. This is because Speaker McCarthy has unveiled a bill that he claims will fulfill our debt obligations, but in reality it will cut…

It is my goal that our payment stablecoin legislation will provide different ways for issuers to maintain and come into compliance.

I cannot help but ask you a few questions about the stablecoins that we are concerned about, which certainly are very important.

I agree with most of our panel that we should move very quickly to establish the stablecoin bill and get that legislation going.

This bill that we have posted in no way represents any final work.

They come to any negotiations having made up their minds already.

I want to reiterate the urgency for those of us in this room to work together and pass this needed legislation.

Chairman McHenry and I are committed to working across the aisle to pass payment stablecoin legislation.