On the recordMay 23, 2024
Madam Chair, we don't want to ban that just to establish it. We want to ban the development of it. Another fallacy that they point out though is that this would turn off research. No, by all means, study it, find all the problems with it, and make sure that the people know: Don't go down this path. That is the point of this bill. If Congress uses Article I authority to subsequently set the parameters, as is our constitutional obligation, we could do that with a subsequent bill. The reality is, the Federal Reserve is not responding to dialogue. They need to respond to a law.
