U.S. Senate Banking Committee GOP @BankingGOP
Official account for Republican staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, led by Ranking Member @SenatorTimScott. banking.senate.gov Washington, D.C. Joined March 2013-
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As we celebrate #FairHousingMonth, it's important to recognize that for many Americans, housing is too expensive and too far out of reach. That's why @SenatorTimScott has prioritized advancing housing opportunities as the top Republican on @BankingGOP.
As part of #FinancialLiteracyMonth, @BankingGOP members @SenLummis & @SenKevinCramer sat down to discuss the importance of financial education. The pathway to the American Dream begins with learning to become financially secure. WATCH:
Chinese suppliers and Mexican drug cartels are getting rich off a fentanyl crisis that kills over 70,000 Americans each year. @SenatorTimScott's FEND Off Fentanyl Act, now law, directs @USTreasury to choke off the profits of the groups that fuel this crisis.
I’m proud to be a cosponsor of @SenatorTimScott’s FEND Off Fentanyl Act, which I voted to support last night and was just signed into law this morning. This legislation will help save lives, protect our communities, and hold the cartels, the CCP and other bad actors accountable.
I’m proud to be a cosponsor of @SenatorTimScott’s FEND Off Fentanyl Act, which I voted to support last night and was just signed into law this morning. This legislation will help save lives, protect our communities, and hold the cartels, the CCP and other bad actors accountable.
.@SenatorTimScott's legislative efforts to protect Americans & our allies are now law: - The FEND Off Fentanyl Act will crack down on the deadly fentanyl trade. - A provision from RIFA will increase transparency & accountability over Biden's Iran sanctions policy.
.@SenatorTimScott continues to hold the Biden admin accountable for its appeasement of Iran. A key provision of his Revoke Iranian Funding Act - which requires @USTreasury to provide a full accounting of all Iran sanctions and policy actions to Congress - passed the Senate.
.@SenatorTimScott’s FEND Off Fentanyl Act passed the Senate and is headed to the president’s desk. This bill mandates sanctions on the Chinese chemical suppliers and Mexican cartels that traffic fentanyl into the U.S., and will save countless American lives.
🚨Two important efforts spearheaded by Ranking Member Scott are headed to the president’s desk as a part of the national security supplemental package. ✅ The FEND Off Fentanyl Act ✅ A key provision in the Revoke Iranian Funding Act Read more: banking.senate.gov/newsroom/minor…
.@SenatorTimScott’s Empowering Main Street in America framework will enhance financial education programs. By increasing market understanding and participation, we can help more Americans achieve financial security. #FinancialLiteracyMonth
Agree with my colleagues. America can't afford another costly climate rule from the Biden Administration 💵👇
Agree with my colleagues. America can't afford another costly climate rule from the Biden Administration 💵👇
NEWS: @SenatorTimScott's measure to recognize April 2024 as Financial Literacy Month was unanimously agreed to by the Senate. This resolution builds on Sen. Scott’s work to raise awareness on financial literacy and make financial education more accessible to all Americans.
NEWS: @SenatorTimScott's measure to recognize April 2024 as Financial Literacy Month was unanimously agreed to by the Senate. This resolution builds on Sen. Scott’s work to raise awareness on financial literacy and make financial education more accessible to all Americans.
For far too long, federal housing policy has left too many Americans behind. @SenatorTimScott’s ROAD to Housing Act seeks to increase housing supply, improve quality of life for families, and provide economic opportunity in communities across the nation. #FairHousingMonth
Here’s the truth about @SECGov's climate disclosure rule⬇️
.@SenatorTimScott has focused on building consensus around the commonsense, nonpartisan reforms in his ROAD to Housing Act. It’s past time the committee consider his legislation, along with other proposals that include real solutions to tackle housing challenges.
75% of American teens lack confidence in their knowledge of personal finance. We must equip the next generation with the resources they need to achieve the American Dream – that’s why increasing access to financial literacy programs is vital. #FinancialLiteracyMonth
.@SECGov's climate disclosure rule is a big government solution in desperate search of a problem. The last thing any Wyoming business needs is a mountain of paperwork to comply with more Green New Deal nonsense from Washington.
.@SECGov's climate disclosure rule is a big government solution in desperate search of a problem. The last thing any Wyoming business needs is a mountain of paperwork to comply with more Green New Deal nonsense from Washington.
.@SenatorTimScott: “It appears this administration’s weak-on-crime policies have also been embraced by our housing regulators.” Americans deserve safe and affordable housing.
.@HUDgov is not a climate regulator. The agency must focus on housing solutions Americans need – affordable and accessible homes.
Bidenomics is placing the American Dream of homeownership further out of reach for families across the country. Since President Biden took office: ❌mortgage rates ballooned by over 150% ❌rents have risen by nearly 20% ❌homelessness increased in a single year by over 12%
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336K Followers 994 Following Squawk Box on CNBC. Former WSJ reporter & Fortune columnist. Loeb Awards finalist judge. ECNY board. Rutgers grad.I’m proud to be a cosponsor of @SenatorTimScott’s FEND Off Fentanyl Act, which I voted to support last night and was just signed into law this morning. This legislation will help save lives, protect our communities, and hold the cartels, the CCP and other bad actors accountable.
.@SenatorTimScott’s FEND Off Fentanyl Act passed the Senate and is headed to the president’s desk. This bill mandates sanctions on the Chinese chemical suppliers and Mexican cartels that traffic fentanyl into the U.S., and will save countless American lives.
Agree with my colleagues. America can't afford another costly climate rule from the Biden Administration 💵👇
Here’s the truth about @SECGov's climate disclosure rule⬇️
.@SECGov's climate disclosure rule is a big government solution in desperate search of a problem. The last thing any Wyoming business needs is a mountain of paperwork to comply with more Green New Deal nonsense from Washington.
Over and over again, SEC Chair Gensler has disregarded the real-world impacts of his aggressive regulatory agenda while pushing left-wing political priorities. @SECGov's climate disclosure rule is no exception.
A radical climate disclosure rule declared by this administration will only end up burying American businesses in paperwork and hurting their success. Joined my colleagues in overturning this rule👇
NEW: @SenatorTimScott led 34 of his colleagues in introducing a resolution to overturn @SECGov's radical climate disclosure rule. READ MORE: banking.senate.gov/newsroom/minor…
The Biden administration and the SEC must not willfully sacrifice productivity, affordability and commonsense that businesses and consumers need and deserve.
Amid another backdoor attempt to enforce radical climate policies that can't pass Congress because of their clearly harmful consequences for our economy and American workers, I've joined @BankingGOP @SenatorTimScott on a CRA to block it. More: boozman.senate.gov/public/index.c…
CFPB's rule will decrease the availability of credit card products for those who need them most, raise rates for many borrowers who carry a balance but pay on time and increase the likelihood of late payments. I'm proud to join @SenatorTimScott's effort to defeat it.
The @CFPB’s credit card late fee rule shows the agency is more focused on scoring political points than protecting consumers. @SenatorTimScott is leading the effort to overturn the rule & protect access to credit for consumers and other important financial services.
This afternoon, I joined @SenatorTimScott, @BankingGOP & financial services industry stakeholders for a roundtable conversation. Together we discussed expanding access to capital & opportunity for minority communities in financial services. Thank you to all who joined us today.
Congress should have never given up its appropriations power when establishing the CFPB. It needs the same Congressional oversight as every other government agency. This includes being funded through the normal appropriations process, not through the Fed. politico.com/news/2022/10/1…
This is a welcomed & long-overdue ruling. The Fed never should have been tapped as a source of funding for the CFPB, especially when the Fed is suffering losses on its assets.
Breaking: The Fifth Circuit just ruled that the CFPB's independent funding mechanism through the Federal Reserve is unconstitutional: aboutblaw.com/5mY
It was great speaking with @CFR_org about the future of crypto, free trade, and how to hold Russia accountable for its war in Ukraine. Watch our full discussion here ⬇️ youtube.com/watch?v=7FiMYe…
This unsubstantiated claim of jurisdiction underscores the need for Congress to enact a clear regulatory framework for payment stablecoins ASAP!
.@GaryGensler’s assertion—without public analysis or justification—that dollar-backed stablecoins “could well be securities” is emblematic of the @SECGov’s failure to provide clarity on its approach to digital assets.
The price cap of ru-oil without secondary sanctions for non-G7 countries for violating the highest price limit — measure that will not work. There is a bipartisan bill in the Senate that would fix that. Van Hollen-Toomey should be part of the NDAA. The Russian budget must suffer.
Me too. I also support the Van Hollen-Toomey amendment o the NDAA. No brainer. @edwardfishman is right-- "Funding Putin's war must have costs."
Funding Putin’s war must have costs. I also support the Van Hollen-Toomey amendment to the NDAA. @POTUS has shown strong leadership on sanctions. The price cap on Russian oil will take the campaign to a new level. A legislative backstop, mandating secondary sanctions, will help.
Funding Putin’s war must have costs. I also support the Van Hollen-Toomey amendment to the NDAA. @POTUS has shown strong leadership on sanctions. The price cap on Russian oil will take the campaign to a new level. A legislative backstop, mandating secondary sanctions, will help.
The price cap of ru-oil without secondary sanctions for non-G7 countries for violating the highest price limit — measure that will not work. There is a bipartisan bill in the Senate that would fix that. Van Hollen-Toomey should be part of the NDAA. The Russian budget must suffer.
With inflation at record highs, Americans are rightfully concerned about their financial future. By providing 401(k) savers with access to the same asset classes as pension plans, my legislation will open the door to a more secure retirement for millions of Americans.
Now on @rollcall: a new Toomey-Scott bill aims to open 401(k) plans to a bigger mix of investments. They’re looking to include it in a year-end tax bill, which - if it comes together - would likely also carry a broader retirement savings package rollcall.com/2022/09/29/sen…
The message for America’s businesses: You will never win—never—the uber-woke sweepstakes. Nothing you do will ever be enough to make radical leftists happy.
"When they become advocates for policy that is not central to their business and that is a very divisive issue, they ought to be careful," says @SenToomey on the role of business in politics. "There will be a backlash."
"I don't think anyone thinks the next big financial problem is going to come to our banking sector," says @SenToomey. "The cost of adding those new capital requirements when they're not necessary means less ability for them to do the business that they do."
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