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Committed to Championing Serious, Bipartisan Solutions
When I became Chairman of theSenate Banking Committee, I committed to championing serious, bipartisan solutions that make a difference for hardworking Americans. In the first legislative markup of the 119th Congress, the committee voted to advance the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, a bill I helped write to establish a clear regulatory framework for payment stablecoins. This is a bipartisan leap forward to protect consumers and national security and ensure the digital assets industry can grow and innovate here in the United States.
My Financial Integrity and Regulation Management (FIRM) Act, which will eliminate all references to reputational risk as a measure to determine the safety and soundness of regulated financial institutions, also passed out of the committee. This historic markup of the GENIUS Act and the FIRM Act is proof that we are in fact delivering on our promises to the American people.
Listen to my opening remarks here!
Launching a Senate Republican Working Group to Reform CDC
As a member of the Senate Health, Education, Labor and Pensions (HELP) Committee, I joined Senator Bill Cassidy M.D. (R-La.), chair of the Senate Health, Education, Labor and Pensions (HELP) Committee in launching a Senate Republican working group to examine potential legislative reforms to the Centers for Disease Control and Prevention (CDC) so it can better respond to Americans’ health needs. During the COVID-19 pandemic, CDC was not transparent in communicating health guidance to the American people and overstepped its statutory authorities. The weaknesses exposed during the pandemic have raised serious questions about CDC’s mission and focus.
Read more about the working group here. |