Pat McHenry: “We must also ascertain what significant evidence on small business capital formation exists measuring the impact of the…”

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

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.

I am pleased that the Fed is resolute in getting inflation under control.

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