Jim Himes

Credit where credit is due, we got through the mother of all stress tests in these last 2 years because of Dodd-Frank.

I was assured by my friends on the other side of the aisle that it would obliterate the banking sector.

I was assured at the time by people on my side of the aisle that Dodd-Frank would crumble like a sand castle in a hurricane.

We have seen effective sanctions taken by OFAC in the private blockchain space already.

And I would say that running huge budget deficits and racking up debt and spending money like drunken sailors puts the dollar far more at risk than this debate about digital currency.

And let me say that, first, Chairman Himes and I have a bill, the 21st Century Dollar Act...

Every, single day, I go to a secure compartmented information facility in the Capitol and I take all the electronic devices I have on my body, my watch, my iPhone, I put them in a locker. I go past an armed guard through an extraordinarily…

This bill will also put a $2,000 annual cap on the out of pocket expenses of our Medicare recipients. That is going to make a dramatic difference in the lives of tens of millions of senior citizens in this country.

That will translate directly to savings on their prescription drugs. It`s going to take a little bit of time to phase in, but of 10, 15, and 20 of the most used prescription drugs, that will translate into lower cost for a senior citizens…

The thing, Ali, I like the most is that for the first time ever in this country, we will be able to reverse something that was established back when Medicare created a drug benefit for seniors, which was a prohibition on using the…

The president is a declassifying authority. The president can say that I am declassifying this. If the president does that, there is an elaborate set of procedures for that to happen.

And if a president takes them out of a facility, he too has broken the law.

My bill, H.R. 2655, the Insider Trading Prohibition Act, has now passed through Congress, has been included as an amendment to the NDAA, and it is time for it to become law.

Many Americans' trust in our financial markets and institutions is at near historic lows, quoting a Gallup poll.

The American Recovery Plan is a particularly rank piece of dishonesty.

What the American people are seeing today is something that my Republican Party friends have given over to recently all too often, and that is rank dishonesty in the service of acquiring and retaining power.

I want the people that I serve, who pay attention to the supermarket more so than the stock market, to know that when they had needed this help, we were there for them.

It is really shameful, it is painful, and it is sinful to hear people use the term, 'inflation,' to indicate that people who were unemployed shouldn't have received help.

They can't feed their families. Small businesses were screaming for help.

I just ask that as you make your decisions, you think not just of the numbers and the economics, but of the importance of sustaining this nation's democracy.

Simply put, as one of the last Members of Congress to get out of the Chamber when it was under attack on January 6, 2021, I don't believe that our democracy can sustain either runaway inflation or another recession.

I don't remember a moment as consequential as this one for the Federal Reserve or as potentially testing of its leadership.

It is important for the American people to understand what is being said here today.

The government should not squeeze out the private sector.

I think it would be very wise, whatever the legal niceties are, for the Fed to move forward with statutory authorization because this is a big deal.