S. 2155 weakened the rules and the supervision for these banks like SVB and opened the deregulatory door for the Fed to drive a truck through.
So let me just get this straight. Two-thirds of the people that oversee each of the Reserve banks, and hand-pick the leadership, are elected...
The actions of the Chair of the Federal Reserve and a Governor of the Federal Reserve were unambiguously inconsistent with the Fed's rules.
I have introduced a bill to repeal Title IV of S. 2155, which would undo the Fed's deregulation of the biggest banks.
Senator Rick Scott and I introduced a bipartisan bill today that would prohibit big bankers from serving as Reserve bank directors.
I'm working on bipartisan legislation to claw back money when executives take big bonuses for blowing up their banks.
Senator Scott and I also introduced a bill, which was included in a separate bill with Sen. Tillis, to give the Fed a true, Senate-confirmed...
Independence should not be conflated, however, with a total lack of accountability when the Fed and its leadership make serious mistakes.
What Congress did is say anything below $250 billion is wiped clean.
I have got an idea, a bipartisan idea that I am introducing with Senator Rick Scott today: get the big bankers off the Federal Reserve board...
Welcome to the hearing of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy.