Pat McHenry: “I would argue that the nascent technology we are discussing today will have just as much impact on our daily lives…”

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

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

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.

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