Political Quotes

“We have heard time and time again in the Financial Services Committee and in our hearings across the Hill that there is a dire need for transparency and accountability among the banking agencies. Yet, blatant partisanship has dictated the appointments of leftist bank regulatory officials during the Harris-Biden administration. One of my bills was included in H.R. 4790, which passed the House earlier today. My bill, the Supervision Reform Act, amends the Federal Reserve Act to remove the confusing designation established by the Dodd-Frank Act for one of the members of the Board of Governors to be designated as vice chair of supervision. The vice chair of supervision should not be afforded special treatment and be allowed to abuse the position to rewrite the narrative for the failures of the banking system and to cook up unjustified climate rules and force them on banks. Americans are watching Kamalanomics eat away at their hard-earned savings, and the Fed's ESG-related partisan regulations are part of the problem. It is time to end the confusion, which has been the result of Dodd- Frank's misguided creation of the vice chair for supervision position. Mr. Speaker, we have heard time and again--at Financial Services Committee hearings and across the Hill--that there is a dire need for transparency and accountability among the banking agencies.…”