I would tell the gentlewoman, having supported this provision since we first considered this bill last year, I assure the gentlewoman that I agree with her. This provision rightfully preserves the current status of real estate escrow accounts held in connection with real estate closing transactions, and specifically in services and benefits that banks may provide instead of interest on such accounts.
Discussing a provision related to real estate escrow accounts during a legislative debate.
Share
More from Pat Toomey
I think there is a case to be made that there should be a regulatory regime on disclosure requirements for an issuer.
It is absolutely essential to investigate any fraud and violations of existing law, and prosecute those who are committing those crimes.
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.
Other voices in this conversation
