Tim Scott

Competition is a bedrock of the American experiment, and the diversity of our banking system has been a core tenet of the prosperity that our Nation has experienced.

This return to regular order is long overdue, sorely needed, and certainly celebrated.

This bill will direct the Department of Treasury to use our economic sanctions tools to choke off the profits of the Chinese precursor manufacturers and the Mexican cartels that push fentanyl across our border.

Over 70,000 Americans died just last year, an all-time high, fueled by Mexican cartels trafficking these drugs across the wide-open southern border that this Administration refuses to close.

It is past time we sanction the manufacturers, the exporters, and the cartels that traffic and sell this poison by hitting them where it hurts the most--their bank accounts.

The goal of the legislation, is to make sure we (A) have a more responsible response from bank execs, (B) that the 70,000 Americans who lost their lives to fentanyl, that their families understand that we're serious about stopping the flow…

I think that may ultimately end up punishing small businesses and their relationship with the banks.

Competition is a bedrock of the American experiment, and the diversity of our banking system has been a core tenet of the prosperity that our Nation has experienced.

Using something like the Black unemployment as a way we determine Fed decisions is just as discriminatory as using only the Asian unemployment would be

Ask not what you can do for your country but rather what the country can do for you

The free market system is the marvel of the world and one that requires us to continue to focus our attention on how do we improve it

One of the comments that I heard during the hearing was that somehow tax cuts led to the challenges that we are facing with our debt.

So in the end, as we celebrate what seems to be a healthy economy, the truth of the matter is that the average person in our Nation today struggles to make their ends meet because of the inflationary impact on their bottom line.

The American people deserve nothing less than the best we can offer them: the greatest opportunity to succeed.

If, in fact, we have fewer dollars coming in, which requires us to raise taxes, that in the end it has a real impact on American taxpayers.

Your last appearance before this Committee was about 4 months ago, just days before the collapse of two banks.

If I was getting 10 bucks and now I am not, there is an effect.

Therefore, printing and spending $4 trillion after COVID was over has led to the inflation that we are seeing, and that, as a result, led to the ten rate increases.

My question is how much is too much, and when is enough enough?

The U.S. Federal budget is on an unsustainable path.

It's a pain that no parent should ever experience, the pain of bearing your kids.

The goal of the legislation, is to make sure we (A) have a more responsible response from bank execs, (B) that the 70,000 Americans who lost their lives to fentanyl, that their families understand that we're serious about stopping the flow…

This return to regular order is long overdue, sorely needed, and certainly celebrated.

It is past time we sanction the manufacturers, the exporters, and the cartels that traffic and sell this poison by hitting them where it hurts the most--their bank accounts.

Over 70,000 Americans died just last year, an all-time high, fueled by Mexican cartels trafficking these drugs across the wide-open southern border that this Administration refuses to close.