Chairman Scott Opening Statement at Banking Committee FSOC Hearing with Treasury Secretary Bessent

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

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Opening: chair sets agenda

AnnouncementPresentation

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Chairman (Senate Committee on Banking, Housing, and Urban Affairs) opened the hearing by committing the committee to 'pro-growth, pro-affordability' policies and cited recent initiatives including the 'Genius Act' and 'road to housing' as part of bipartisan work to promote growth and affordability.

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The chairman of the Senate Committee on Banking, Housing, and Urban Affairs opened the hearing with remarks pressing FSOC to balance financial stability with economic growth and affordability, praising Treasury implementation of the ‘Genius Act’ and inviting Secretary Bessette to testify.

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Transcript

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