Roger Williams

This hearing could not come at a more important time for Main Street America.

I completely disagree with that assessment.

Wouldn't it be better for Congress to do something novel and actually create a regulatory sandbox?

Dodd-Frank has been an albatross across community banking in these United States.

We here in Washington, D.C., have a habit of creating program after program after program and spending hundreds of millions and billions of dollars.

This Administration's attempt to de-bank the crypto community and prevent financial institutions from offering digital asset products and services to customers is a lazy and destructive regulatory strategy.

Last December, for example, I asked Director Chopra how his agency had been working to accommodate the concerns of small businesses within the CFPB's rulemaking process.

I can tell you, these people are not fair, and some are not good people.

The CFPB has a history of neglecting the interests of small businesses by creating burdensome regulations and evading the traditional rulemaking process.

Unfortunately, the Biden Administration has a bit of a history of doing a 180 when the political winds blow.

Let's talk about what is not serious, and that is minting a trillion-dollar coin.

Some of my colleagues across the aisle disagree with that causal relationship.

The Democrat Majority has not only spent money we don't have over the last 4 years, but their fiscal policy has caused out-of-control inflation.

Five years ago, the number-one issue I ran on was debt. It has been and continues to be our greatest national security risk.

I would call on Senator Warren, the President, and the Democratic Party, for that matter, to apologize to the American people for causing this kitchen table crisis across the country.

Unfortunately, throughout recent years, the Fed has gotten caught up in politically-charged issues like economic inequality, gender and race discrimination, and climate change.

Implementing additional regulatory capital requirements will slow economic growth and limit financial institutions' lending ability.

But the bottom line is, our side works, and the other doesn't. We need to stay where we are.

Addressing an issue like climate change is important, but that is a policy that should originate here in Congress by the elected representatives of the people, not the central bank.

It is clear that there is still a long way to go in an effort to bring down costs.

I am focused on creating an economy of inclusion, an economy that works for everyone and brings the most-marginalized into our economy.

Luckily, both President Biden and Treasury Secretary Yellen have said that this is not a serious proposal, and they have no plans of considering it.

We need responsible policymakers to address our debt.

I mentioned this in my opening statement, but, back in March, I had the pleasure of sitting in on a Boots to Business seminar at Fort Cavazos with SBA Administrator Guzman.

Our government is choosing to focus on big business and corporations ignoring the dire needs of small businesses around the country