Pat McHenry: “So, going back to this, do you think that this legislation as it is currently written resolves those issues for you to…”

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

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?

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

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