Michael S. Barr: “I think congressional oversight is absolutely essential, but I would not pursue the particular legislation that you have…”

We are playing right into China's strategy.

I do think the banking system is sound and resilient.

We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector and a thriving economy.

I personally oppose it quite significantly. I think it is, I would use a technical term, 'dumb,' the way they describe their rule.