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

That bill is an infant. It is a baby. It is not necessarily a beautiful baby, but it is our baby, and it is named, 'Maxine McHenry.'

It is, of course, unfortunate that there was a run on the bank at Signature prompted by what we saw with SVB, but it is not the case that the failure of Signature was related to crypto.

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

Right now, our financial system is still recovering from the sudden collapse of Silicon Valley Bank and Signature Bank.

we are on the brink of a Republican-imposed debt default that will create unprecedented and untold levels of harm to the United States and the global economy.

I and my Democratic colleagues couldn't agree more, and so I look forward to working with Chair McHenry on legislative reforms.

I would like to thank Chairman McHenry for working with me in a bipartisan way on investigating the failures of Silicon Valley Bank and Signature Bank.

Importantly, we need to hear directly from the CEOs of SVB and Signature Bank.

The trafficking of fentanyl and other drugs poses a significant public problem, and concern all across the United States.

I agree. And I have legislation that would forgive the legacy debt.

a 2022 study found that worsening climate change has more than tripled the risk of a trillion-dollar megaflood in my own State of California compared to a century ago.

this could mean that NFIP may take on additional debt in the future, but the program is already saddled with legacy debt from Hurricanes Katrina and Sandy.

Historically, private insurers have receded from communities after they were hit hard by catastrophic flooding.

we have not only seen life-threatening flooding that took down trees and inundated cars, but we also have seen significant snowfall that has led to destructive floods.

The CFPB's work is really resonating with consumers as they received more than 50,000 complaint letters on this initiative.

This is history repeating itself.

Congress must raise the debt limit because of what you described as the highly-risky consequences of failing to do so.

I find it very concerning that your recommendation to raise the debt limit in a timely manner is being ignored by my colleagues on the other side of the aisle.

The consequences of this brinksmanship are imminent.

Since your last visit, our country, under the leadership of President Biden, has made major progress toward improving economic conditions, including adding a record 12 million jobs, and reducing unemployment to its lowest rate in 54 years…

I have been trying to quickly understand the role and responsibility of all of the Inspectors General related to the CARES Act and the American Rescue Plan.

Constantly, all that we hear from small businesses is, 'I just don't have access to capital.'

This committee should be doing everything that it can to avoid a calamitous outcome.

if House Republicans continue their brinkmanship over the debt ceiling, it will result in even more severe interest rates hikes, a plunging stock market, major job losses, and a recession of epic proportions.