A confirmation email is on it’s way to your inbox. Under Title 17 U.S.C. Section 107, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is permitted by copyright statute that might otherwise be infringing. the committee at any time. Today's hearing is entitled Oversight of Our Prudential Regulators. Without objection, all members will have five legislative days within which to submit extraneous material to the chair for inclusion in the record. (00:14)I now recognize myself for four minutes for an opening statement. The Trump administration is returning prudential regulators to their core regulatory and supervisory mission of promoting safety and soundness in the financial system. Today's hearing will provide an opportunity to discuss how their recent actions, priorities, and policie…

(00:40)We will also highlight the work of this committee to right size prudential regulations for institutions of all sizes, focus on the supervisory framework on material financial risks, and facilitate the formation of new depository institutions. (00:57)Prudential regulations should foster economic opportunity, support responsible lending, and encourage long-term growth while maintaining confidence across our banking system. A sound prudential framework must be transparent, appropriately tailored, and rules that are clear, efficient, and proportionate to the size, complexity, and risk profile of the institution. (01:21)In my view, a one-size-fits-all approach, by contrast, disproportionately harms community banks, credit unions, and our regional institutions. That's why this committee has held numerous hearings throughout the 119th Congress on our mission to make c…