Pat McHenry: “So, how many companies have filed beneficial ownership information?”

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

When do you think we will have a proposed rule to rescind the CDD requirement?

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

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.