Andy Barr: “I thank my friend from Pennsylvania for his leadership and leading tonight's Special Order. As a member of both the HEAT…”

“I thank my friend from Pennsylvania for his leadership and leading tonight's Special Order. As a member of both the HEAT Team and a member of the House Financial Services Committee, I want to address another dimension of the Biden administration's war on American energy. Specifically it is the Biden administration's weaponization of financial regulation to implement through the back door of unilateral executive action what it cannot do through the democratic process and what it cannot do through the Congress and through the legislative process, because, frankly, the Biden administration knows that the American people oppose their radical agenda that would decrease the reliability and affordability of electricity, industrial power, and the manner in which we conduct daily life. {time} 2045 That is, specifically, that the Biden administration intends to use financial regulators to bully banks, investors, and other financial firms, to divert capital away from what they view as politically unfashionable energy producers. This is coming in multiple different forms. The Secretary of the Treasury has set up a czar within the Department of the Treasury to look at this from a holistic perspective to discriminate against American companies and American workers. In bank regulation, there is a concept called redlining, and it used to be that it was illegal for banks and other financial firms to discriminate against the American people.…”