This rule will alter the behavior of small financial institutions and make them hesitant to continue lending to small businesses.

This rule, may be unnecessarily burdensome to small entities, may impact the cost of credit for small businesses.

President Biden's Consumer Financial Protection Bureau (CFPB) is poised to throw another wrench into this vital aspect of our economy.

the Biden Administration's continued regulatory overreach and its very harmful impact on America's small business economy.

Their level of silence is highly unacceptable and continues to bleed confidence from our--from my constituents.

We do demand accountability. We do demand some responsibility.

If there are, will anybody get terminated? Will anybody be accountable for making bad decisions that cost taxpayers?

But 85 percent came from the FinTechs. And I don't have a problem necessarily with FinTechs. I really have the problem with that they are not federally regulated.

So you don't think there is going to be a so called subsidy rate impact as a result of this expansion for non federally regulated SBLCs?

Given all the problems the SBA had during the pandemic, we must have a serious discussion on the role the SBA should be playing in the future.

Dear Lord, we appreciate you bringing us all together here today to discuss the important matters facing our wonderful country.