the $2 billion in losses, the GAO report did not suggest that any of that had anything to do with extreme weather or rising sea levels.

The taxpayers are subsidizing these giveaways to these big, very, very successful companies and clearly displacing private capital.

The NCUA should now focus on the financial risks related to climate change.

I want to inform you and our witnesses I have noticed a disturbing trend whereby nominees who have come before this Committee have responded to the written questions that we submit.

I think that ought to be done in a transparent process with political accountability, which is to say, with congressional input.

I just feel compelled to go back one more time and touch on this issue of the debt ceiling.

The Democrats have chosen to ignore our warnings about this excessive spending but they want us to vote to raise the debt ceiling.

If the Government goes on a spending binge, that will certainly require more borrowing to pay for all that spending.

I want to stress that we have, for many, many decades, had bilateral tax treaties that govern the amounts and the manner by which foreign Governments can tax American companies.

Last year, Congress, on bipartisan basis, forcefully responded to the threat of economic collapse caused by the pandemic and resulting lockdowns.

And so the truth of the matter is our Democratic colleagues do not want the American people to associate this huge spending binge they have been on and want to continue on with the debt that will be required in part to pay for it.

I think we need to acknowledge that this is not playing out the way I think the Fed had hoped.

Our economy today is not only larger than it was before the pandemic, but we are now running above prepandemic GDP forecasts for this year.

the rate of this Global Minimum Tax that the Biden administration wants to impose is considerably higher than the one that was negotiated with most OECD countries

I agree completely that the Treasury Department's important work, including both through the CFIUS process and through the IRS's tax administration and enforcement, should be done in a fair and even-handed manner, keeping politics out of…

As you stated, your job as General Counsel would be to 'ensure the department carries out all of its activities in compliance with law.'

I am deeply concerned about the release of confidential taxpayer information. Any unauthorized disclosure of confidential government information, including as provided by 26 U.S.C. section 6103, is illegal and must be taken extremely…

Nobody disputes that the Constitution assigns to the Senate the responsibility to approve or reject treaties.

the OECD wants to grab a piece of American tax revenue. It is a tax shift from U.S. coffers to foreign government coffers, if you ask me.

I fear that's because the bill is going to include many flawed policies that will harm economic growth and jobs while invading the privacy of Americans.

I do want to register my disappointment that our Democratic colleagues are still trying to ram through a reckless $3.5 trillion tax-and-spending bill despite reservations from members in their own caucus.

Abusing the powers of our financial regulators to do it is a bad way to do it, in my view.

Importing steel that we do not make ourselves in modest quantities from nearby allied countries is not a threat to national security.

I think it is very important that we work with our allies in doing that.

Section 232 needs to be looked at in a hard national security lens, Senator. It should not be used willy nilly.