Pat Toomey

Unfortunately, I am deeply concerned that financial regulators, including the Fed and the SEC, are increasingly straying into contentious political issues wholly unrelated to their mandates and expertise.

Does anyone truly think these activities are within the Fed's statutory mandates? Of course not.

If inflation persists you will do, and I quote, 'whatever it takes,' end quote, to get inflation under control.

Thank you for your acknowledgment then and again this morning that inflation is way too high.

A fundamental aspect of a properly functioning democratic society is that important public policy decisions should be made by elected, accountable representatives.

Our nation is not on a sound fiscal course, and it has not been for quite some time.

The top 1 percent make about 20 percent of all the income, pay about 40 percent of all the taxes.

President Biden's boastful claim about reducing the 2021 and 2022 deficits compared to 2020 is completely disingenuous and totally context-free.

Critically, my budget would also keep our nation on a sound fiscal course.

The sanctions imposed thus far by the Biden administration are harmful to the Russian economy, but not crippling.

It would impose the equivalent of really secondary sanctions on anyone doing crypto business with anyone from Russia.

The financial system should work for American families and small businesses.

We need to take a whole-of-Government approach to the problem, if we're going to keep up with crypto in illicit finance.

We do not block the regular people in Russia who are actually opposition within Russia.

We need Congress to work together to enact a regulatory framework specific to digital assets that provides this much-needed clarity.

We all want to make sure we have got the tools to find the bad guys, and there are bad guys out there.

Unfortunately, I am concerned that the current lack of regulatory clarity here at home is undermining that tradition and driving innovation abroad.

Cutting off this revenue stream and getting more lethal aid to Ukraine are the two things we could do to maximize the chances that Ukraine wins this war.

The U.S. must maintain its leadership in this space, which is why lawmakers and regulators should do nothing to harm America's longstanding tradition of fostering technological innovation.

Our heart breaks for you and your family like it does for the several million Ukrainians that have been forced from their homes by this outrageous and completely unjustified brutal attack by Russia.

We cannot let abuses of digital assets endanger our financial and our national security.

We need to take a clear-eyed look at how these assets can endanger consumers and our security.

We also need to work to ensure regulatory clarity for digital assets.

I have worked with Mike directly on critical policy issues, including the COVID-19 relief packages we passed nearly two years ago.

I believe he will faithfully serve all of the American people in this role.