our Democratic colleagues could raise the debt limit all by themselves, any time they want, and there is nothing Republicans could do to stop them.

There is only one reason that our Democratic colleagues refuse to use reconciliation to raise the debt limit, and that is because they would have to specify the amount of debt they want to inflict on the American economy.

implementing Pillar One would require modifications to our existing bilateral tax treaties and those modifications must be approved by two-thirds of the Senate.

Democrats are using, quote, "shell games," end quote, to hide the true cost of this inflation.

I've been warning about the risks of higher and more persistent inflation since January.

Quantitative easing should be used in emergencies only, and we are well past the need for such support.

There is no historical precedent for bypassing the Senate treaty process to implement Pillar One.

Inflation is a tax that is eroding Americans' paychecks every day.

Pillar One of the Biden administration's international tax agreement will be the most significant international tax change in 100 years.

it looks to me like this framework appears to be a weakening of the Fed's commitment to stable prices.

I support Chairman Powell's renomination, I'm very concerned about whom President Biden may nominate to fill other seats on the Fed's Board.

In my view, Professor Omarova's policy views are too radical, and preserving the prosperity that our free-market economy makes possible is too important to make her our Nation's top banking regulator.

This article, accordingly, advocates full migration of demand deposits onto the balance sheet.

I've never seen a more radical nominee to be a Federal regulator.

I have never seen a more radical nominee to be a Federal regulator, and I will be using her words.

The idea that we would put a person with these views as the chief regulator of America's national banks, with the enormous powers that I just delineated, this is what is deeply disturbing and chilling and why I recommend to my colleagues…

I really want to strongly object to this.

For starters, we know she wants to, and I quote, 'effectively `end banking' as we know it,' end quote.

She wants to effectively 'end banking' as we know it.

Countless Americans were outraged over recent Democrat plans for the IRS to get their personal bank account information.

My concern with Professor Omarova is her long history of promoting ideas that she herself describes as, quote, 'radical,' end quote.

the powers of the Comptroller of the Currency are enormous, powers to decide who gets to open a bank account and who does not.

The article outlines a series of structural reforms that would radically redefine the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a democratic economy, the…

The proposed reform will effectively `end banking' as we know it.

If QFRs were adequate, Mr. Chairman, we would not have hearings.