Pat McHenry: “Dodd-Frank granted an incredible amount of power and discretion to the Federal Reserve, the FDIC, and the newly created…”

Jay Clayton is a fantastic leader and will bring credibility to the DNI job!

Is this a place where you would want to work? Based on your spending weeks on this project, would you want to work in this environment?

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

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.