That is why I was happy to see that President Biden's Competition Executive order called on the banking agencies to revamp their merger review guidelines to put an end to rubber stamping.

So money in these accounts are more like cash in your wallet than like money in a bank account.

Our regulators have a job to do, and it is our job here in Congress to make sure that they do it.

Merger review has become the definition of a rubber stamp, and the banks know it.

I can tell you the banks, especially small banks, really desperately want to comply.

This is a very important Subcommittee, and I am glad to be part of it under your leadership.

Not only does that leave consumers extremely vulnerable to scam artists and to fraudsters, it also leaves them vulnerable to being hounded by the apps themselves.

the data here show that regulators have no credibility on mergers, and sure, there are rules under which you review mergers, but in practice, for 15 years now, this has turned into a check-the-box exercise, where the outcome has been…

We cannot leave consumers to fend for themselves on a level playing field that is making it even easier for scammers and fraudsters to use these apps to do harm.

Madam President, I ask unanimous consent that the Senate proceed to legislative session for a period of morning business, and that upon the conclusion of my remarks, the Senate resume executive session, as under the previous order. The…

Madam President, almost exactly a year ago today, I stood here and called for Congress to take action to protect renters before the expiration of the eviction moratorium enacted during the early weeks of the pandemic. Today, like a year…