On the recordSeptember 16, 2014
identified FSOC as perhaps the least transparent agency in all of the Federal Government.
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congress.govidentified FSOC as perhaps the least transparent agency in all of the Federal Government.
McHenry criticized the transparency of the Financial Stability Oversight Council.
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I urge Chair Gensler to abandon this regulatory power grab and return his focus to the statutory role of the SEC.
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.
I want to thank this bipartisan panel for all proposing bipartisan solutions.
Of course. I will always work with the ranking member and her members to ensure votes are cast as a member intends.