a family of four is paying $15,000 more per year just to purchase the same goods and services compared to the day President Biden took office.

FSOC's purpose is straightforward: to identify risks that could impact our financial stability; to promote market discipline by eliminating expectations of bailouts; and to respond to emerging threats.

it was easier just to watch the Senate do that hearing rather than to hear the second day of the same testimony.

When you are distracted by shiny partisan objects, you take your eye off the ball.

asking Americans to feel good about Bidenomics is like asking them to smile during a root canal.

under the current leadership, we have seen FSOC expand its regulatory reach to fit the Administration's political priorities.

Nothing would have been different if FSOC had never been created.

The ongoing barrage of press releases from the CFPB is misleading at best.

Director Chopra, your leadership is a glaring example of this alarming trend of becoming a hyper-partisan agency.

I believe there is common ground between your proposal and the Data Privacy Act that this committee passed earlier this year.

The public's trust in our financial regulators is shaken.

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.

Community banks are already struggling under the current regulatory agenda. We should not be adding more burdensome rules.

I want to thank this bipartisan panel for all proposing bipartisan solutions.

In today's ever-evolving economic and geopolitical landscape, the challenges that America faces are growing more and more complex.

Housing affordability is clearly one, and that is a running theme from all three of the Members testifying today.

On October 7th, we saw a barbaric and unjustified attack on innocent Israeli civilians perpetrated by the Iran-backed terrorist group, Hamas.

I am proud to be joining my colleague and friend in introducing a bill to examine how artificial intelligence will impact the financial sector and how we need to regulate this.

Your unresponsiveness is noncompliance, and we will have to take action if you are not willing to comply.

There is a critical need for comprehensive economic analysis of the rules you have proposed.

Let me be clear, Chairman Gensler, our patience is wearing thin.

the Securities and Exchange Commission's current approach to rulemaking jeopardizes the integrity of our financial markets and puts investors at risk.

Unfortunately, the Biden Administration's proposed beneficial ownership regime is not consistent with congressional intent.

It is clear that if changes are not made, Congress must act to delay the rulemaking's effective date.

I want to first commend the Administration on the appointment of Andrea Gacki as the new Director of FinCEN.