Scott Statement on Banking Committee Provisions in the One Big Beautiful Bill
Washington, D.C. – Senate Banking Committee Chairman Tim Scott (R-S.C.) issued the following statement on the ongoing reconciliation discussions with the Senate parliamentarian as part of Senate Republicans’ One Big Beautiful Bill:
“I remain committed to advancing legislation that cuts waste and duplication in our federal government and saves taxpayer dollars. As it stands now, the Banking Committee’s reconciliation provisions will delay the implementation of Section 1071 of Dodd-Frank, which reduces CFPB spending and protects the privacy and data of small business owners; rescind unused funds earmarked for green initiatives to give HUD discretion in funding critical housing programs; and save taxpayer dollars by eliminating an unnecessary reserve fund at the SEC. My colleagues and I remain committed to cutting wasteful spending at the CFPB and will continue working with the Senate parliamentarian on the Committee's provisions,” said Chairman Scott.
###
Previous Article