03/07/2023
https://congress.gov...
"As Democrats try to figure out how to pay for their massive expansion of government programs through the reconciliation process, they have come up with a proposal that would force banks and credit uni..."
"This is yet another regulatory burden that would only further consolidation in the industry, which I don't think anybody on this witness stand or in this hearing wants to see more of."
"the Democrats are claiming that this will generate over $200 billion in new tax revenue. Well, that is a bogus number."
"From an administrative perspective, it would be extremely costly for financial institutions to implement, almost impossible."