.BISgov's final rule restricting export licenses for firearms, ammunition, and certain accessories to overseas markets fails to fully consider the impact on U.S. commercial, economic, national security, and foreign policy interests.
foxnews.com/politics/biden…

Biden admin skewered by GOP for rule designed to ‘intentionally harm’ gun industry trib.al/xydZg8T

.Tim Scott released the following statement after FDIC Chairman Martin Gruenberg announced he would resign once a new Chairman is confirmed:
banking.senate.gov/newsroom/minor…

President Biden said “No ifs, ands, or buts.”

What makes FDIC Chairman Gruenberg different?

🚨On the Federal Reserve's Basel III Endgame proposal...
Vice Chair Barr to Tim Scott: 'If a re-proposal ends up being appropriate, we'll do that.'
SAME HEARING:
Sen. Warren to Barr: 'Are you...committed to finalizing a strong rule this fall?'
Barr: 'I am...'

WATCH: Tim Scott reads first-hand accounts from FDIC employees:

“Nobody trusts those in charge.”

“I still fear that talking will come back to haunt me.”

Gruenberg needs to resign.

A bipartisan rebuke of a proposal should lead to a re-proposal.

The Basel III Endgame rule would decrease the country’s GDP by $67 billion each year – which is why Tim Scott has repeatedly called for it to be withdrawn.

The FDIC independent report’s findings cannot be separated from Chairman Gruenberg given his nearly two decades of leadership at the agency.

Unfortunately, Democrats are prioritizing their progressive financial regulatory agenda over the respect and dignity of FDIC employees.

An independent report confirmed allegations of sexual harassment & a toxic workplace culture at @FDICGov, & questioned if Chairman Gruenberg has the “moral authority” to lead the agency.

It’s clear he does not.

That’s why RM Scott has repeatedly called for his resignation.

.FDIC plays an important role in safeguarding America’s financial system.

Tim Scott is demanding changes be made to support employees and address workplace culture so the agency can effectively execute its mission.

“Senate Democrats are scrambling to protect their man at the FDIC from his management failures and abusive behavior.”

Their motive here is crystal clear – prioritize a progressive regulatory agenda over the safety and well-being of FDIC employees.
wsj.com/articles/fdic-…

On the Democrats’ misleading use of “junk fees,” Tim Scott’s witness at yesterday’s hearing said it best:

.Tim Scott: “That’s the politics of this administration. Actions that sound good as talking points…but they are truly divorced from economic reality.”

The Biden admin needs to stop playing politics with legitimate, standard payment incentives.

These “feel-good” policies might make for a good sound bite, but in practice, they reduce access to credit and limit economic opportunity.

That's why Tim Scott is pushing back.

Last week, it was “greedflation” and “shrinkflation.”

This week, it’s “junk fees.”

Democrats continue deploying a herd of scapegoats to deflect from the economic harm of the Biden administration’s failed policies.

I warned that Jared Bernstein was the wrong person to lead the Council of Economic Advisers, as families continue to struggle under the inflation caused by this administration. Sadly, Democrats voted to confirm the most radical CEA Chair in history anyway. x.com/bankinggop/sta…

It’s no surprise that Jared Bernstein, the man behind Bidenomics & the WH’s top economic advisor, shows yet again why Americans are paying the price for the President’s damaging economic policies.
foxbusiness.com/politics/white…

.Tim Scott issued the following statement after FDIC released a report investigating allegations of sexual harassment and a toxic work culture at the agency.

🔗banking.senate.gov/newsroom/minor…