Pat McHenry: “The now-Chair of the committee said in 2016 that she had, 'come to the conclusion that Wells Fargo should be broken up.'”

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

The public's trust in our financial regulators is shaken.

The NFIB survey found that 90 percent of small businesses don't even know that this rule exists.

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.