On the recordOctober 26, 2021
the Democrats seem to have learned nothing and yet forgotten nothing.
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congress.govEditor's note · Context
Criticism of Democrats' approach to regulation based on past experiences.
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More from Pat McHenry
Jun 13, 2026
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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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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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.
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