Bob Menendez Jr.

So we need to preserve the option of choice in how you pay for retail transactions.

If the United States is going to successfully diversify away from China, we need to continue to deepen our trading relationships with our neighbors in the western hemisphere.

If another pandemic hit, would you feel confident that Congress would respond quickly and effectively to the needs of businesses like yours?

I look forward to working with all of you here today, as well as other stakeholders not present

This hearing of the Subcommittee on Securities, Insurance, and Investment will come to order.

We always support the Governments solving the problem.

So I gather from this testimony, Mr. Hartwig and Mr. Gordon, that it is your view that the appropriate response right now is for Congress to do nothing and just wait for the next pandemic to strike, and we will deal with it then.

It is not going to be enough to simply make statements.

Flooding is one of the most expensive and most frequent natural disasters in the United States.

If, due to climate change, these homes become uninsurable and unmarketable, the value of these homes and the wealth of homeowners is at risk.

Investing in flood resilience projects makes a lot of sense.

As we look to invest in our Nation's infrastructure for the 21st century, we need to ensure that our investments are protected from the challenges that lie ahead.

The pandemic showed all of the inequalities in our Nation, highlighted in a way so dramatically, and particularly communities of color.

I think we should be looking at our immigration policy, whatever that might ultimately be--I have my own idea, the U.S. Citizenship Act--as a source of dealing with the labor market.

Studies have shown that working families pay for childcare 35 percent of their income, on average, 5 times more than what the Department of Health considers affordable.

It seems to me that increasing the availability of high-quality, affordable childcare, like what President Biden proposes in the American Families Plan, has a positive effect on employment.

Throwing out paper towels is not my idea of how you help American citizens.

If the United States is going to successfully diversify away from China we'll need to deepen our trading relationships with our neighbors in the Western Hemisphere.

It is not acceptable, not to mention that it violates congressional will, specifically.

I think the average effective tax rate paid by U.S. corporations... dropped after the Trump tax bill, the effective rate, by nearly half, to almost 8 percent.

Today we have a serious budget proposal that, if enacted, would represent the largest increase to the regular international affairs budget in more than a decade.

Thanks to the American Rescue Plan, 27 million children nationwide, and more than 1.6 million children in New Jersey, are estimated to benefit from the historic expansion of the Child Tax Credit.

I hope to see a joint interagency CRA rulemaking by all three bank regulators.

It is especially important, having seen the disproportionate impact this pandemic has had on minority-owned businesses and communities.

I hope you will all get together and adopt a unified rule that strengthens the original intent of the CRA, which has never mattered more.