Patrick McHenry actually said...

"A massive new government-run database of consumers' personal financial information would be a sitting duck for bad actors."

"Can you imagine the IRS, the Post Office, or the DMV compiling and maintaining your credit report?"

"I am hard-pressed to find a worse idea, frankly, than to federalize and, ultimately, socialize credit reporting in this country."

"I think it is important that lawmakers be informed. I think that is a very important thing for us to be apprised of both the advantages and the risks of a U.S. central bank digital currency."