Sanctions are a means to an end, and Congress and the Administration must be clear as to what that end is.
Pat Toomey
The Public Record
Patrick Toomey is a former United States Senator from Pennsylvania, serving from 2011 to 2022. A member of the Republican Party, Toomey was known for his focus on fiscal conservatism, economic growth, and limited government. During his tenure, he served on several Senate committees, including the Banking, Housing, and Urban Affairs Committee, where he was involved in financial regulation and economic policy discussions.
I have stated publicly that I am willing to work with Ranking Member Wyden and others on the committee who believe a waiver is necessary.
It is time to move this nomination. Actually, to be blunt, it is well past time.
Most recently, as part of the 21st Century Cures Act, Congress enacted legislation that I authored with Senator Bennet and Nelson to block the 25 percent rule through September.
I sent you a letter last week outlining some of the big concerns that I have about CCAR.
I hope the President will soon be able to nominate individuals to complete the Board of Governors.
A very, very central part of the message of both the President and the Congress included a commitment to tax reform.
I am concerned that CCAR might actually increase systematic risk in one important respect.
Our objective to fix the corporate tax system is about helping American workers.
The administration has proposed a financial deregulation plan to rid the banking system of red tape caused by the Dodd-Frank Act.





