Pat McHenry

I see this as a problem... for my constituents and for my colleagues' constituents.

Let's not create a new problem... a government-run agency.

We should be promoting competition to create better opportunities for consumers.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

This is part of their broader goal to dismantle the financial system as we know it.

We can all agree that the credit reporting industry is in need of reform.

The government should not be the central repository for all financial data available on its citizens.

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 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.

Look, last year Congress provided $25 billion in emergency rental assistance.

They have no clue where that $46.6 billion in aid is, or how it is being used. This is an abject failure by the Biden Administration.

It is ironic that we are here today to discuss another bad Democrat housing proposal when we really need to be focused on cleaning up the Biden Administration's latest mess.

To be clear, creating a universal housing voucher entitlement does nothing to increase the supply of rental housing.

Frankly, today's hearing is about creating a brand-new, massive, open-ended Federal entitlement program for 'universal' housing vouchers.

Let's show that we can actually get back to work and be an example for the American people.

We need to show the American people that we can safely re-emerge.

My colleagues on the other side of the aisle want you bank CEOs to focus on political activism instead of doing what your institutions do best.

Democrats seem to have other priorities. Their so-called American Rescue Plan actively discouraged people from returning to work.

Today, committee Democrats will push for more regulation, which ultimately will discourage companies from going public.

Indecision has real-world consequences.

Your quick and decisive actions to provide appropriate flexibility for financial institutions and consumers set up for us a very strong economic rebound here in the United States.

Let's stand up for equity--true equity--and that is ownership of the American economy.

We should not punish everyday American investors with a Democrat agenda, a progressive agenda that results in fewer investment options.

At our first GameStop hearing, I asked Democrats to side with everyday American investors.