July 04, 2025
Senate Banking Committee Chairman Tim Scott (R-S.C.) released the following statement after President Trump signed the One Big Beautiful Bill into law:
“With President Trump’s signature on the One Big Beautiful Bill, we’ve delivered a victory for the American people. From reining in the unaccountable Consumer Financial Protection Bureau, to defunding wasteful Green New Deal spending, to eliminating a Securities and Exchange Commission slush fund, I’m proud of the Banking Committee’s important p… Continue Reading
July 03, 2025
Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, Jeanne Shaheen (D-N.H.), Ranking Member of the Senate Committee on Foreign Relations, and Chris Coons (D-Del.), issued the following statement in response to new reportson the Trump Administration’s five-month pause in sanctions in response to Russia’s war on Ukraine. Earlier this year, the Senators outlined a roadmap of sanctions and export control actions the President should alread… Continue Reading
July 03, 2025
Warren’s comment follows the Fed’s recent stress tests that lowered loss-absorbing capital requirements for the largest banks in the country, weakening financial protections and opening the doorfor big banks to boost stock buybacks and dividend payouts to shareholders
“The Fed does not have a statutory obligation to maximize Wall Street dividends, share buybacks, and executive bonuses. It does, however, have a statutory obligation to promote the safety and soundness of the banking system and th… Continue Reading
December 11, 2024
September 12, 2024
July 31, 2024
