Tim Scott

We should, 100 percent, discuss certain authorities regulators have to claw back executives' compensation if that individual acted in malpractice.

Two tools that work in your toolbox that you do not use does not mean you need a third one.

If the Government is always there to intervene and bail out a failing bank, this could promote riskier decisions in the financial sector.

We have had an issue of moral hazard.

There is no doubt that the failure that we are looking at for the bank execs is inexcusable.

An Administration prints and spends trillions and trillions and trillions of dollars, that would be embarrassing to any drunken person with somebody else's credit card.

I don't see anyone--from the bank executives, to the regulators, to the Biden administration--taking meaningful accountability for their actions.

This was a failure in three parts, and we must discuss accountability across the board--for bank executives, bank regulators, and this Administration's inflationary spending policies.

I do not see anyone--from the bank executives to the regulators to the Biden administration--taking meaningful accountability for their actions that played a role in the recent bank failures.

If the homes and the infrastructure built in these communities had the structural resilience to match the spiritual resilience of these residents, we wouldn't see the same kind of devastation that we do in the wake of major storms like…

My concern is that when you look at the National Flood Insurance Program, the one thing we have to say is that it hasn't worked the way that it was intended to.

There are places in the country that are flooding that it was not historically a problem.

I understand the real loss and impact that flooding has on our communities, because I have lived through them.

If the homes and the infrastructure built in these communities had the structural resilience to match the spiritual resilience of these residents, we wouldn't see the same kind of devastation that we do in the wake of major storms like…

My concern is that when you look at the National Flood Insurance Program, the one thing we have to say is that it hasn't worked the way that it was intended to.

My legislation takes steps toward ending this cycle of flooding and rebuilding.

There are places in the country that are flooding that it was not historically a problem.

I understand the real loss and impact that flooding has on our communities, because I have lived through them.

One of the areas where I think we could spend more time in disaster management is the area of prevention.

That's why I'm reintroducing my bipartisan legislation, the Repeatedly Flooded Communities Preparation Act.

We have to reexamine the theory of--in my perspective, Mr. Chairman--not just flood insurance, but catastrophic occurrences that are happening more and more across the country.

Thank you, Senator Kennedy, for your thoughtful approach on getting questions answered. That would not be fair.

My concern is that when you look at the National Flood Insurance Program, the one thing we have to say is that it hasn't worked the way that it was intended to.

If the homes and the infrastructure built in these communities had the structural resilience to match the spiritual resilience of these residents, we wouldn't see the same kind of devastation that we do in the wake of major storms like…

There are places in the country that are flooding that it was not historically a problem.