Pat Toomey

I am pleased that Senator Moran, and joined now by Senator Heitkamp, will reintroduce the Privacy Notice Modernization Act.

The reality is that these small banks have to spend a fair amount of time and energy and resources simply proving that they do not do what they have never done.

I find it wildly implausible to think that that is a reflection of a business cycle.

We must not forget that more than 400 banks with less than $1 billion in assets failed as a result of the crisis.

If it is a Federal trust fund, do not trust it.

Runaway spending habits have bred excessive deficits and incredible debt.

The Supreme Leader remains the first among equals. At the end of the day, he is the critical person in terms of blessing or rejecting a deal.

Isn't it also true that if all they want is peaceful ability to generate electricity, they can purchase all the uranium that they need for that purpose?

I share his concerns very much, and maybe I can put it in a different way.

Like any society, there are complexities, and there are competing interests, and there are differences of opinions.

So, objectively speaking, would the prospective, contingent, trigger-based sanctions of the type of the Kirk-Menendez legislation, would passage of that and the President signing it into law, would that be a violation of the JPOA?

I also think we should make it clear to the President that he should seek to preclude any uranium enrichment capability by Iran.

Iran has been a bad actor. That is not breaking news.

I think we do need to pass a sanction bill that should be at least as strong as the Nuclear Weapon Free Iran Act of 2014.

I think additional sanctions are necessary.

I think we ought to give them the opportunity to act appropriately.

We all do agree, as Senator Tester mentioned, that Iran is certainly among, if not the most dangerous regime in the world.

I have made tax reform my highest legislative priority for this Congress, and I believe Senator Wyden feels pretty much the same.

The only way for Congress to effectively assert its role in these negotiations is through TPA.

We created five working groups, all assigned to study different areas of tax reform and come up with proposals.

Congress needs to renew Trade Promotion Authority, or TPA as we call it, in short order.

We must continue to do these things in the future.

I think the FSOC is very well aware of some other steps that need to be taken.

I share a concern... about the danger that we slide back into some variation of the status quo prior to the financial crisis.

If the Government guaranteed piece is systematically underpriced, then no matter what else you do, you are not going to get private capital to come in in that context.