Pat McHenry: “That lack of transparency and accountability raises concerns about the extent to which other countries are influencing…”

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.

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

I would like to thank President Biden for putting forth a capable, competent, and qualified nominee.

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