Bill Foster: “I'd like to also point out that there is an Act that I am sponsoring called the Improving Digital Identity Act of 2021.”

This bill strengthens FSOC's capability to execute its mission by improving consistency, accountability, and outcomes for our financial system. I appreciate also Ranking Member Waters' support for this bill in committee and urge my…

I think we should consider adopting this in the coming session of Congress, at least on a temporary basis.

Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.

If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…