On the recordDecember 13, 2022
You are implementing progressive policies at the expense of both consumers seeking financial products and market participants trying to comply with the law.
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congress.govYou are implementing progressive policies at the expense of both consumers seeking financial products and market participants trying to comply with the law.
Criticism of progressive policies harming consumers and market participants.
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More from Pat McHenry
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.
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 urge Chair Gensler to abandon this regulatory power grab and return his focus to the statutory role of the SEC.