I thank Chairman McHenry and Whip Emmer for being leaders on digital asset policy and specifically for this legislation preventing a Federal Reserve bank from offering central bank digital currency to an individual. As advances in…

The United States has no meaningful Federal regulation of the digital asset markets. The attempts by regulators to apply existing laws are arbitrary and unclear. The fact is, the status quo does not work. Without a clear Federal framework…

I thank the chairman for yielding. Mr. Speaker, I support this bipartisan CRA to overturn the SEC's Staff Accounting Bulletin 121. SAB 121 has removed a bank's ability to offer custodial services for digital assets and has prevented banks…

It is all going to roll downhill.

How much time do I have remaining. The SPEAKER pro tempore. The gentleman from Oklahoma has 5\1/2\ minutes remaining.

I have no further requests for time, and I am prepared to close once the gentlewoman from Michigan does.

since the Biden Administration could not successfully implement its climate agenda through Congress... it has turned to the agencies to implement climate policy unilaterally.

The Basel Committee on Banking Supervision is the primary global standard-setter for prudential regulation of banks.

As long as it is not contrary to the commitments we have given to the other entities.

You are all aware of the significant concern that the Basel Endgame proposal from your agencies will disadvantage U.S. banks on multiple fronts.

There is significant concern about the lack of transparency in the Basel Committee's internal proceedings.

Consensus is key. Is using this model the only way to promote a lasting and resilient capital framework?

A country that cannot feed itself cannot defend itself.

A strong, healthy, vibrant rural America and production agriculture is a key to our national security.

The U.S. banking sector is among the most highly-regulated sectors in the country.

I have no further speakers, and I yield myself the balance of my time. Madam Chair, I simply wish to say that I have the greatest respect for the ranking member of the Financial Services Committee, but I would note we simply disagree on…

I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Add at the end the following: DIVISION D--ENHANCEMENT OF 403(b) PLANS SEC. 4101. SHORT TITLE. This division…

One of the most difficult decisions a worker will ever undertake is determining how to save for retirement. This requires an individual to forecast decades into the future, ensuring one has the ability to navigate through life, family, and…

the proposal would have significant consequences for the health of the U.S. derivatives market.

Unfortunately, the Fed is proposing to undermine the work done by Congress and this Committee and to cause disruption in the U.S. derivatives market.

Congress has a long history of broad bipartisan support for not disadvantaging end-users, including in Dodd-Frank.

the Basel Endgame proposal had not yet been proposed by the banking regulators.

It should be concerning that Iran has been able to boost output in the face of U.S. sanctions, generating billions of dollars that can be directed towards militia groups across the Middle East.

Unfortunately, both of the proposals from the Federal Reserve will drive up the cost of hedging for end users.

There are a lot of companies who are saying, I don't want to disclose these risks because I can't attract capital.