I will say, though, that in terms of really doing our job, if we sense that there are deficiencies and need to do more than the functional regulator is doing, we do reserve the ability, I think--under Gramm-Leach-Bliley, in fact, by authority to go in and do more.
Reed emphasizes the Senate's authority to act if regulators are insufficient.
Share & report
More from Jack Reed
the responsibility for this predicament and it is a very serious one is shared by both Congress and the Executives.
We provided additional resources at ARPA (The American Rescue Plan Act of 2021) to do that, and those resources have been exhausted.
Secretary Hegseth has shown an eagerness to dismiss military leaders without cause, and I will be skeptical of the rationale for these plans until he explains them before the Armed Services Committee.
Every Democrat voted for the amendment; all but two Republicans voted against it.
Other voices in this conversation
