Banking Committee Hearing, “The Financial Stability Oversight Council’s Annual Report to Congress”

Senate Committee on Banking, Housing, and Urban Affairs · February 5, 2026

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Opening statements — Chair frames hearing around affordability and FSOC focus

Presentation

5:54 → 10:51(4m 56s)

Chairman Scott opened the hearing, welcomed Treasury Secretary Bessent and staff, and framed FSOC's 2025 report around prioritizing pro-growth, affordability, and household resilience. He credited the committee's bipartisan work ("From the Genius Act to the road to housing") and asked how FSOC balances systemic-risk oversight with economic growth.

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The Senate Committee on Banking, Housing, and Urban Affairs heard Treasury Secretary Bessent on FSOC's 2025 annual report and took wide-ranging questions on inflation, tariffs, CDFI funding held by OMB, stablecoin policy (Genius Act), credit-card rate caps, Fannie Mae/Freddie Mac oversight, and sanctions. Senators pressed the secretary on household affordability, community bank support, and implementation timelines; no formal committee votes occurred.

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Transcript

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