David Scott

Dr. Rachidi, you note in your testimony SNAP must accomplish its core goal of supporting Americans in their path out of poverty.

That is why I was proud to co-lead Training and Nutrition Stability Act, H.R. 3087, with Committee Members Alma Adams and Mark Molinaro, along with Adriano Espaillat.

As a nation, we owe it to these individuals to identify policies aimed at helping low-income families achieve the type of opportunity that every American deserves.

We wouldn't accept changes to this critical program, and we were proud to have this be a bipartisan vote to expand SNAP benefits to veterans and to the unhoused.

I will not support any policies that result in food being taken away from Kathy, James, Don, and the many other older adults in my district who depend on SNAP to put food on their tables for their families.

I will not support legislation that takes food away from low-income households.

Are you going to be able to eat a decent meal for $2.41 a meal? That is absolutely ridiculous.

Working hard is not enough if you don't make enough: $7.25, you can't survive, and all of my colleagues here know it.

Taking away SNAP doesn't help anyone find work. It just makes them go hungry.

Cuts to SNAP harm our nation's most vulnerable, including children, and families, and older Americans, and disabled people.

No more PPP, punishing poor people.

It is kind of like Robin Hood in reverse. We are taking food from the poorest of the poor, we are blaming them for the debt, and we are asking nothing of the richest of the rich.

I am trying to get an interest here in Congress to explore this.

We have to deal with, is making sure that we appropriate the proper funding so that you can do the job.

There is an important cost to a lack of standards that industry, and investors, and consumers can understand and follow.

How much? Give us about a ballpark figure of what you feel it is going to take to do what is in this regulatory piece of legislation.

It is so important for us to find out what all this is going to cost to do what it is we are here discussing to do with this emerging digital asset.

The cost of having regulation, and these markets go off, sure, which is happening, it is real.

Well, I will tell you, it is very important that we make sure that we provide you with sufficient funding to do this very much needed job.

I think the provision that outlines a period of provisional registration--the way I view it is it really is holding back the CFTC.

What will be the effect of providing no additional funding resources to the SEC and the CFTC to implement this proposal?

The CFTC needs and deserves more funding, particularly at this critical time.

It is our hope that we will have a bipartisan, joint committee legislative proposal.

But the big issue that we have yet to deal with, and we have to deal with, is making sure that we appropriate the proper funding so that you can do the job.

Well, thank you very much. And first I want to thank Chairman Behnam, our current CFTC Chairman, for his comments and insight earlier this morning.