Thom Tillis

Some of what we are going to hear today lies outside of the Committee's jurisdiction and the jurisdiction of financial regulators.

We saw the damage that can occur when we have lax regulations. It was, at least in part, responsible for the 2008 financial crisis.

I believe the Chamber of Commerce recently reported that historically underserved populations, including people of color, have seen greater access to credit under a risk-based system.

My guess is you are going to find maybe a modicum of bad actors, but probably some processes that need to be tightened up.

Thank you for being here, and thank you for reaching out to me and meeting with me a week ago Friday.

I mean, to what extent are we talking about somebody who did not do their job, knew what it was, and to what extent could there have been process errors that led to some of the misreporting of information?

I think that the ratios, looking ahead, if we want to build out more facilities, should probably be more weighted to more leasebacks.

I believe that you have played a very important role in doing that, and I wanted to thank you publicly for it.

I am half tempted to spend my 5 minutes talking about name, image, and likeness, but I have decided I will not do that.

Can I get a commitment from you to see if we can get a more concise response from the Department on how any of these bills, including mine, whether they would be helpful, harmful, or something that you think you can do at current course…

I am seeking your commitment here to make sure, in your role, in the deputy role, that you are going to do everything you can to implement the statutory intent of the MISSION Act.

I think it is very important information, and I was a little bit confused why that went away in the prior administration.

I think Risk Rating 2.0 is a great development. It is a shame that it is the first update since the Beatles were topping the charts, but at least it is here.

I think quick resolution is something that we should focus on.

Do they take that into account, or do we need to do more on that, moving forward?

I really salute the State of North Carolina in their efforts.

The core ideas behind stakeholder capitalism have always been odd and really very confusing to me.

Approximately 750,000 current-era veterans who served in areas known for exposure are present ineligible for VA health care.

We think the TEAM Act provision for health care is absolutely a must-pass.

I will consider silence to be consent.

I would like to speak about the recent and continuing actions by John Kerry, President Biden's Special Envoy for Climate, to pressure financial institutions into making extralegal commitments to curtail their lending practices toward legal…

I along with Ranking Member Toomey and 10 other Members of this Committee recently sent a letter to Mr. Kerry urging Mr. Kerry and the Biden administration as a whole to refrain from engaging in attempts to coerce financial institutions…

I want to thank you, in the time that we have worked together, since I have been on this Committee.

I know that CBO projects the FTT would result in a $43 billion, almost $44 billion first-year net loss of tax revenues and would immediately lower the value of financial assets.

The final question has to do with moving forward with respect to the COVID relief package we are talking about.