Pat McHenry: “I believe there is common ground between your proposal and the Data Privacy Act that this committee passed earlier this…”

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

I urge Chair Gensler to abandon this regulatory power grab and return his focus to the statutory role of the SEC.

That is why House Republicans will pass a resolution this week to protect small businesses' access to affordable credit by rescinding this burdensome and overly-complex rule.

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