I think we need to have a plan in place so it doesn't take several months like it did with Russia.

Just a reminder to the committee that getting into the personal business of the President, as well as Mr. Trump, is inappropriate for this committee.

Perhaps the greatest threat to our financial stability is our economic ties to China and the Chinese Communist Party (CCP).

This has to stop. ... It is going to be a direct cost to the consumers, and it is going to hurt the small banks especially.

I have been an advocate for a long, long time of reinsurance to be able to minimize the taxpayers' exposure on flood insurance.

Do you think it would be a good idea for us as legislators to look at doing this in other areas of government, where we could pass off some of the risk to the private sector versus having taxpayers take on all this risk?

It seems to me that you need a tiered system here. If you have a small business, you need to have a different set of rules that you have to comply with versus the big guys.

One of the biggest problems that I have with them is this power grab by the bureaucracy to take more power to themselves and away from all of you small-business guys.

But we still did damage to the economy, because the gamesmanship caused us not to address this very serious problem.

It seems as though your Agency has taken on a different mission, that you seem to be pushing an ESG agenda.

The American people, I think you can trust them with their own money. Remember, it is their money by the way.

What you are saying is that when you raise taxes, to the extent that the individual or small business cannot even pay it, it will force them out of business.

Why do you need more rules? I don't think we need to look at more rules until we figure out which rules are not being enforced.

There clearly is just a lack of political will here in the United States and in Mexico, and that is our fault.

I can't agree more with Mr. Im that we should be doing more through regular business, and I think sanctioning China and Mexico is certainly in order.

I appreciate you holding this hearing on a topic that we know is important, but we never seem in this Congress to ever want to discuss, and that is, how do we fix the National Flood Insurance Program?

Quite frankly, that is just not going to cut it if we are really serious about bipartisan legislative reform.

Instead of doing the hard work here on a bipartisan basis, and reforming and reauthorizing the National Flood Insurance Program to ensure its long-term, financially-sustainable position, the Majority has left the program on autopilot…

To me, we need to be sitting here as a country, as the Fed, as Members of Congress, saying, we need to be ready for the Chinese when they invade Taiwan, because I see no reason why they will not do that shortly.

We are in the middle right here of a really disastrous situation with Ukraine, and part of the approach to corralling the Russian advance there is on the financial side.

CECL is something the Fed will have to enforce, as you all know, and you and I have spoken with other members as well about this, what I regard as a terrible accounting standard.

Despite the numerous testimonies, hearings, statements, and letters highlighting these issues, this committee has remained silent.

It is very frustrating to me to see the incompetence that has been there with regards to NFIP Directors in the past not utilizing a tool that every other insurance company in this country uses.

Last, I want to call upon my colleagues to actually show their support for community financial institutions by working with me to ensure that Congress does not follow the Trump Administration's proposal to slash funding for the CDFI fund…