Political Quotes

On the recordSeptember 26, 2023
the Securities and Exchange Commission's current approach to rulemaking jeopardizes the integrity of our financial markets and puts investors at risk.
Said by
Pat McHenry
Republican · North Carolina

Editor's note · Context

McHenry warns about the risks posed by the SEC's rulemaking approach.

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

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We need to get to the bottom of whether or not this is a supervisory problem, a regulatory problem, a bank mismanagement problem, perhaps all three.

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

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FSOC's purpose is straightforward: to identify risks that could impact our financial stability; to promote market discipline by eliminating expectations of bailouts; and to respond to emerging threats.

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