Andrew Garbarino

I don't think it would be a sound proposal.

I stand here today during National Police Week to urge the passage of H.R. 2494, the POLICE Act of 2023. The crisis at our southern border is a clear public safety and national security threat, but it also puts the lives and safety of our…

It is now nearly $2,400 just on that interest rate alone.

They don't have that extra $30 to $40.

This is not the time for it.

I feel like both the rule that we are talking about today and this possible title insurance rule is going to be the start of maybe another downturn.

The problem was, these banks were putting polar bears and penguins above their fiscal responsibility.

I will also reject the premise that Biden's policies are not to blame here.

I reject the premise that small to mid-sized banks are somehow a problem in our economy.

I think it needs to be reviewed and possibly changed.

We must find the right balance between regulatory burden and improving security outcomes.

It's clear that our Nation must increase resilience to cyber risk across the board, particularly within our critical infrastructure sectors.

I think I speak for all Members on this dais when I say that we want CISA to succeed.

I hope so too. I'll just say, 50 percent of your time on having somebody spend 50 percent of their time on compliance, you know, that means 50 percent of the time they're not on defense.

I am pleased to have Director Easterly before us today to discuss this very important topic.

I appreciate that. I know the Council's supposed to be giving us a report and we are waiting for that.

I love the idea on cyber insurance.

We need not only enough people but the right people with the right skills, in the right jobs.

It is our responsibility to ask pointed but productive questions about CISA's stewardship of the resources and authorities Congress has given it.

Just this morning, before the hearing, I saw news that Russia is exploring legislation to formalize their ability to transact in crypto.

You mentioned in your statement that CISA has plans to revamp one of their flagship Federal cybersecurity programs...

I would call upon the subcommittee to think deeply about passing some sort of bill about stablecoins.

We can't just keep sending money without getting these reports.

There really needs to be a focus on fixing it. I hope we can somehow work together to get that way.

If I am an issuer and I want to create a stablecoin, I technically don't know if I am going to be answering to a State regulator, a Federal banking regulator, the SEC, or the CFTC.