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Dear
Friends,
Thank
you
for
subscribing
to
my
weekly
e-newsletter,
and
please
remember
to
follow
me
on Facebook, Twitter, Instagram and YouTube.
End
‘Too
Big
To
Fail’
Policies
Last
week
I
joined
nine
of
my
colleagues
on
the
Senate
Banking
Committee
by
sending
a
letter
to
Secretary
of
the
Treasury
Steve
Mnuchin
expressing
strong
support
for
the
Department
of
the
Treasury
to
use
all
tools
available
to
end
the
Financial
Stability
Oversight
Council’s
(FSOC)
'Too
Big
To
Fail'
policies
and
to
ensure
taxpayers
are
not
responsible
for
any
new
bailouts.
Among
its
many
flaws,
Dodd-Frank
enshrined
'Too
Big
To
Fail'
as
an
official
policy
by
creating
a
Federal
council
to
designate
nonbanks
as
"systemically
important
financial
institutions."
These
designations
offer
large
firms
implicit
taxpayer
backing
for
future
bailouts
and
result
in
massive
new
regulatory
costs.
You
can
read
the
letter here.
Judge
Neil
Gorsuch
Judge
Gorsuch
is
a
balanced
jurist
who
understands
the
importance
of
an
independent
judiciary,
and
I
respect
him
greatly.
Aside
from
his
impressive
academic
credentials
and
decades
of
experience
in
the
legal
profession,
Judge
Gorsuch
is
committed
to
interpreting
our
Constitution
as
it
was
intended
by
our
founding
fathers.
At
a
time
when
our
country
is
experiencing
some
uneasiness
and
concerns
about
trust,
we
need
a
Justice
like
Neil
Gorsuch
who
will
be
fair,
impartial,
and
consistent.
You
can
read
my
column
on
his
nomination here.
Go
Gamecocks
Congratulations
South
Carolina
Women's
Basketball
on
your
first
NCAA
National
Championship!
What
an
amazing
end
to
a
great
season.
Can’t
wait
to
try
the world-class
cheese,
ice
cream,
&
peanuts,
Senator
Roger
Wicker
(R-MS).
Spurs
up!
Sincerely,
Tim
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