Pat McHenry: “De-risking is a critical issue, and the last time we talked about de-risking in a committee hearing was back in 2008.”

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.

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.