Statement : Financial Services and General Government

April 27, 2023 Statement
"The FTC is requesting a significant funding increase of $160 million, or 37 percent above the FY23 enacted level, for a total of $590 million. This funding would go toward additional staffing in the areas of competition and consumer protection, as well as support IT needs and expert witness testimony. This increase in resources will further empower the FTC to improve fairness in the marketplace and lower costs for American taxpayers."
March 29, 2023 Statement
"Making any cuts to the S.E.C. and other agencies like it would only leave our economy more vulnerable to turmoil like what transpired with Silicon Valley Bank."
March 23, 2023 Statement
"The budget also includes robust funding for our election infrastructure, including the election assistance commission that I helped establish through the Help America Vote Act. These HAVA programs must receive the funding they need to ensure that our elections remain secure, accurate, and accessible. These provisions, like the rest of President Biden’s budget, would help set our nation up for success for generations to come. They stand in startling contrast to proposals we’ve heard recently to roll back federal appropriations to their fiscal year 2022 level."
March 23, 2023 Statement
"I am worried about the House Republican Leadership’s reported proposal to cut 2024 discretionary spending back to the 2022 level. I have received responses to most of my letters to cabinet secretaries and senior leaders outlining the dangers posed to the American people if those cuts were enacted, and the numbers are really horrifying. The cuts would cause irreparable damage to our communities by gutting the programs every single American relies on. Those proposals, in my view, are unrealistic, unsustainable, and unconscionable and put people at risk."