Here is the deal for Republicans. Democrats control the House and the Senate and the White House.

The incompetence of the Rental Assistance Program, which Republicans have highlighted since March--there is no solution in sight.

The U.S. Government is run and controlled by Democrats. It is defined by dysfunction, incompetence, and fiscal irresponsibility.

Thank you, Madam Chairwoman, for holding today's hearing, and thank you for those encouraging words of outreach now that we are 5 months past when committee Republicans filed our bill, the Renter Protection Act.

The bill makes common-sense reforms to Treasury's rental assistance programs to get help to renters and landlords now.

Last December, Congress enacted the rental emergency assistance program in a bipartisan way.

To state the obvious, the Emergency Rental Assistance Program isn't working.

As Fed Chair Powell says, it is better for the U.S. to get a central bank digital currency right than to be first.

Congress must wrestle with this, and it is on us to legislate this into existence if that is the right thing to do.

We should be looking at how we are better than China, how do we improve ourselves, how do we ensure that private sector innovation continues.

The Federal Government is not innovative. It is not nimble. And it will not increase financial inclusion.

Today's hearing is another example of Democrats using the financial system to score points with progressive activists.

This is an absolute--it looks like complete mismanagement at this point, when you only have less than 4 percent of the money getting in the hands of renters.

You spent $800 million on overhead for this program to distribute just over $1 billion.

Thank you, Madam Chairwoman. Thanks for holding today's hearing.

Washington has dramatically increased spending, and the Fed continues to push an aggressive monetary policy.

Rising material costs have added $36,000 to the price of a new home.

We will follow up with you on that comment, because statutorily. you are required to publish the data about Emergency Rental Assistance (ERA).

The last report says only 4 percent has gotten in the hands of renters. Do you dispute that?

What action HUD is taking to make sure that we get help into the hands of these renters faster?

the CDC's moratorium on evictions has been found to be unconstitutional by two courts.

According to the documents from Treasury, less than 4 percent of the money provided by Congress has reached eligible households.

You have earned and deserve another term as Chair of the Federal Reserve.

Climate change is real.

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