"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."
"Congress must wrestle with this, and it is on us to legislate this into existence if that is the right thing to do."
"As Fed Chair Powell says, it is better for the U.S. to get a central bank digital currency right than to be first."
"Today's hearing is another example of Democrats using the financial system to score points with progressive activists."
"The Federal Government is not innovative. It is not nimble. And it will not increase financial inclusion."
"You spent $800 million on overhead for this program to distribute just over $1 billion."
"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."
"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?"
"Thank you, Madam Chairwoman. Thanks for holding today's hearing."
"According to the documents from Treasury, less than 4 percent of the money provided by Congress has reached eligible households."