I was appalled by the findings of the Cleary report.

Culture starts at the top.

I encourage the Biden Administration to quickly nominate a new FDIC Chair.

I missed a recorded vote today. Had I been present, on Roll Call No. 227, Ogles Amendment No. 1 to H.R. 5403, CBDC Anti-Surveillance State Act, I would have voted `no'.

I thank Chair Waters for yielding. Mr. Chair, I rise in opposition to this bill. I am encouraged by the dialogue and collaboration that has taken place between the House Financial Services Committee and the House Ag Committee on this bill…

I have no further speakers, and I yield myself the balance of my time to close. Mr. Speaker, my draft number was 321. Being born in 1955, I never was called to serve, and I always wondered what my service would be like had I been called. I…

I think the two most significant recent uses of this are the COVID epidemic, and also, the recent AI Executive Order.

Americans are better off when we have options, and we should strive for a competitive marketplace for banks of all sizes.

In 2021, President Biden issued an Executive Order encouraging regulators to take steps to promote market competition across our economy.

Maintaining a healthy-sized distribution in the banking industry is of bipartisan concern.

Since the Consumer Financial Protection Bureau opened its doors in 2011, it has served as the cop on the beat, protecting consumers from unfair, deceptive, and abusive practices.

I think the single-most useful thing that we in Congress could do is to establish a federally-recognized standard for presenting illegally-traceable identity.

I believe that we can dispel this notion by looking at the facts.

Bipartisan polling has shown that the CFPB is overwhelmingly popular among U.S. consumers, finding that 82 percent of voters, including 77 percent of Republicans, support the CFPB's mission.

As the global economy changes, financial firms and their regulators must remain well-apprised of new and emerging risks.

Extreme MAGA Republicans' hostility toward our allies is terrible for America and only weakens us as a nation.

Many of you have mentioned the fact that the U.S. is often a leader in these international discussions.

I am a big fan of how the flexibility of these authorities have been used.

New technologies, like artificial intelligence and digital assets, give scammers many new tools, and, frankly, I worry that our regulators will be quickly outgunned.

This will have huge benefits for the Federal taxpayer.

Ultimately, Mr. Chairman, extreme MAGA Republicans are the biggest threat to our national and economic security...

While Democrats continue to put people, peace, and prosperity over politics, MAGA Republicans prioritize only one person: Donald Trump.

I have spoken to you about this in the past, particularly about a Digital ID, which is one potential solution that is listed in your report.

Many financial firms I talked to just told me that a reliable form of digital ID would really simplify the Anti-Money Laundering/Know Your Customer (AML/KYC) process, and make it faster, cheaper, and more reliable when they have to confirm…

I am happy to see FSOC identify artificial intelligence as an area of concern for the financial system.