Inflation is on the minds of Americans. In poll after poll for the last many months, for 70 to 80 percent of Americans, it is a top issue.

In the past, the Consumer Financial Protection Bureau has taken a, 'punish first and ask questions later' approach.

Earlier today, you did commit to Ranking Member McHenry to follow a notice and comment APA rulemaking process.

One of the great problems of today is how free-market societies should confront the rising threat of China, a Communist authoritarian state with increasing power on the world stage.

China does not believe in capitalism. China does not believe in free markets the way we understand them in America.

free-market competition is what leads to growth and prosperity.

I encourage you to release a similar statement. I think doing so would provide clarity for investors.

All staff statements are nonbinding and create no enforceable legal rights or obligations.

I remind you that Congress makes the laws, not the agencies.

One thing we have learned over the last several years is that we need to take the threat from China more seriously here in America.

The truth is that we are spending at an alarming rate in this country.