Bill Foster

My time has expired, but I would hope that some of the political people at the White House would inform the Fed that they don't want a recession right before an election.

The divisive, underdeveloped, and arbitrary Basel III Endgame proposal should be withdrawn and replaced with a proposal that focuses on addressing problems that exist.

Federal banking regulation under the Biden Administration has become unnecessarily divisive and partisan, which itself is an emerging threat to stability.

How many of the witnesses feel that the current Bank Secrecy Act... represents a violation of the Fourth Amendment?

I have introduced the Electronic Currency and Secure Hardware (ECASH) Act.

Payments can be modernized by modifying the existing system infrastructure through innovations led by the private sector.

There is no support for a CBDC in Congress, except from those on the fringes.

Only Congress has the authority to coin money and regulate the value of such money.

The American who sells that land gets to put that money in the bank or into other investments that will grow the U.S. economy.

Anyone who says we should make everything in the United States, I invite them to come up with a business plan to make a microwave oven that will retail for $42, manufactured in the U.S. with highly-paid labor.

Michiganders and Americans, frankly, rightly are concerned about the CCP buying up land and utilizing taxpayer dollars in our States and elsewhere.

Thank you, Mr. Chairman, and thank you to our witnesses.

History tells us that systemic financial risks do not come from politically-driven overreaction to emerging risk, but rather from regulatory capture.

Thank you, Chairman Barr, thank you to our witnesses for being here today, and thank you to our regulators for appropriately and thoughtfully responding to the changing risk profiles of our financial systems.

What would this mean in the context of running a political campaign? What if we said that any contribution of under $2,000 cannot be accepted by a campaign?

If we don't provide them with the information they want, many of them will invest in European companies that do provide that information.

Even the, 'Ebenezer Scrooge investor,' needs information about the effect of global warming on earnings per share.

We are told that these considerations are fringe or immaterial, and there are those who say that it is material only if it is 5 percent of earnings per share.

We on this committee remain committed to alleviating the financial stress on everyday Americans to pay rent and get food on the table.

In the wake of what seemed to be endless novel problems and disruption, I believe the Fed and Congress have done a reasonable job given the cards that we have been dealt.

Yes, I understand. It just seems like there may be an acceptable bargain here that, yes, we will provide a tremendous amount of assistance for those who are willing to go back to Ukraine and rebuild the country.

But it is still a struggle. If you look at all the money we attempted to inject into Afghanistan, and it just disappeared in corruption.

Now, on Ukraine, you mentioned the importance of anti-corruption reforms.

In regards to the debt limit, there has been some uncertainty expressed as to how the exact language of the debt limit law applies to the different forms of debt...

I have introduced, along with Senators Van Hollen and Schatz, the End the Threat of Default Act, which simply repeals the debt limit.