One of the major ways is through the SIFI designations, which I would argue then precipitate the micromanagement of these financial institutions by a host of regulators in what will, in my view, ultimately be a futile attempt to make failure impossible.
Toomey criticizes SIFI designations for leading to excessive regulatory micromanagement.
Share
More from Pat Toomey
I think you have said that you think we still, nevertheless, need to have some kind of outbound investment review mechanism, even though you have just said we already have the authorities to prevent any kind of technology transfer.
It is absolutely essential to investigate any fraud and violations of existing law, and prosecute those who are committing those crimes.
The fact is, across America, every month Americans are falling further and further behind because of President Biden's out-of-control inflation.
Congress can and should offer a sensible approach for the domestic regulation of these activities.
Other voices in this conversation
