Tim Scott

The Wells Fargo fraudulent account scandal, and the incentive-based cross-selling strategy that fueled it are a stark reminder of how important it is for financial regulators to finalize executive compensation rules.

The single greatest challenge American families have right now is finding affordable housing

There are some proposals to go to five. You think five might be too many.

That's why I first introduced my Investing In Opportunity Act, or IIOA, and why I worked hard to ensure it was included in the Tax Cuts and Jobs Act.

If we aren't finding ways to give these smart, hardworking folks a hand up, we simply aren't doing our job.

Every day, we are seeing more and more great news about the current economic expansion in America, a trend that is breaking records and exciting economists and citizens alike.

Opportunity Zones, on the other hand, will bring, ' . . . the best possible mix of investments in new and expanding businesses, infrastructure and energy projects, commercial real estate, affordable housing, and more.'

This is why one-size-fits-all Federal spending programs or incentives to invest only in particular activities are not well suited to address each community's unique set of challenges.

A year from now, two years from now or five years from now

My hope is a simple one: That as we see the manifestation and the creation around the country of Opportunity Zones that we will be having another joint meeting in a year, in two years, so that we can measure the progress made in reasonable…

According to a survey by the manufacturers, 72 percent of manufacturers plan to increase wages or benefits this year; 77 percent plan to hire more employees.

Because of tax reform, millions of Americans have seen increases in benefits wages or bonuses.

African-American unemployment is the lowest record in four decades, since they started taking notes in 1972; 800,000 new jobs have been created since the passage of this legislation.

Unemployment rates are at 3.9 percent; a million folks have come back to the workforce; wages are up 2.9 percent over last year.

Record revenues entered our Treasury in April.

We're in the middle of the third largest economic expansion since 1854; yes, 1854, and by the time we're done, it will be the second longest economic expansion.

In large part, because of the tax cuts in jobs, our economy is booming.

Opportunity Zones, on the other hand, will bring 'the best possible mix of investments in new and expanding businesses, infrastructure and energy projects, commercial real estate, affordable housing and more.'

Opportunity Zones hold the promise of flexible, innovative solutions.

Fifty-seven percent of small business owners are hiring or trying to hire.

A third of small businesses report increased worker compensation.

We want to say thank you for the type of work that you all do over there at the Administration.

Only 13 percent of small businesses say that taxes are the number-one issue since the tax reform.

We're looking at a 45-year high in optimism according to the NFIB's last survey.

We are looking at a 3.9 percent unemployment rate. We have a 2.9 percent increase in wages.