Broad and material changes to the Basel III Endgame necessitate a full reproposal. Full stop.

This is a matter of real substance for the independence of the Fed and the rulemaking at the Federal Reserve.

I am pleased that the Fed is resolute in getting inflation under control.

Workers and families feel the pain, making everyday purchases at high prices in the grocery aisle and at the pump.

I would like to thank President Biden for putting forth a capable, competent, and qualified nominee.

Is this a place where you would want to work? Based on your spending weeks on this project, would you want to work in this environment?

does your own agenda really outweigh the need for a competent leader at the helm of the FDIC?

I thank the Chair, and I thank the panel for being with us today to continue our investigation of the poisonous culture at the FDIC.

Of course. I will always work with the ranking member and her members to ensure votes are cast as a member intends.

I want to thank the ranking member, and I want to thank the Democratic Financial Services Committee staff for working with the Republican staff on this matter.

I urge Chair Gensler to abandon this regulatory power grab and return his focus to the statutory role of the SEC.