Pat Toomey: “Unfortunately, I'm deeply concerned that financial regulators, including the Fed and SEC, are increasingly straying into…”

But that does not mean that Congress should be throwing even more billions of Federal taxpayer dollars at them to build out more services for riders they do not have.

There was unauthorized lending of customer assets to an affiliated entity, and there were apparently fraudulent promises to investors and customers about FTX's operations.

Instead of pushing a reckless tax-and-spending bill, the Administration should look to opportunities for bipartisan legislation.

As I've stated before, we should not pay for an infrastructure package by borrowing billions more dollars.