Washington, D.C. – Ranking Member Tim Scott of South Carolina held a meeting with David Sacks, who is set to become President Trump's White House A.I. and Crypto Czar.
Washington, D.C. – Ranking Member Tim Scott (R-S.C.) has shared his thoughts following a meeting with Scott Turner, who has been nominated by President Trump to serve as the U.S. Secretary of Housing and Urban Development (HUD).
Ranking Member Tim Scott of South Carolina has expressed his disapproval of the Consumer Financial Protection Bureau's (CFPB) final rule that caps overdraft fees at banks and credit unions.
After a postponed U.S. Senate Committee on Banking, Housing, and Urban Affairs markup vote on President Biden's nominees, Ranking Member Tim Scott criticized the committee's operations and transparency.
In Washington, D.C., a response was issued by Ranking Member Tim Scott (R-S.C.) following Chairman Brown's announcement regarding the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
In Washington, D.C., Senator Tim Scott (R-S.C.), the Ranking Member of the Senate Banking Committee, is leading a group of Republican senators in expressing concerns over the Biden administration's enforcement of sanctions on Iran's oil sector.
Ranking Member Tim Scott has expressed approval of the International Association of Insurance Supervisors' (IAIS) recent decision to acknowledge the U.S. state-based insurance regulatory system.
Washington, D.C. – Tim Scott, the Ranking Member from South Carolina, issued a statement regarding President Trump's nomination of Paul Atkins as Chairman of the Securities and Exchange Commission (SEC).
Ranking Member Tim Scott from South Carolina has issued a statement regarding the nomination of Scott Turner as Secretary of Housing and Urban Development.
Washington, D.C. – Senator Tim Scott has urged the Biden administration to halt rulemaking activities and withdraw nominations before the Senate Committee on Banking, Housing, and Urban Affairs.
Washington, D.C. – A virtual career development event was hosted by Ranking Member Tim Scott (R-S.C.) for students attending Historically Black Colleges and Universities (HBCUs) in South Carolina and nationwide. The event aimed to discuss financial literacy and career opportunities within the financial services sector.
Ranking Member Tim Scott and Senator Mike Rounds are seeking explanations after reports emerged that the Federal Reserve Bank of New York did not implement essential anti-money laundering controls. This oversight allegedly allowed billions of dollars to flow to Iran and its associated terror groups. The senators have criticized the NY Fed and the Federal Reserve System for not applying their own Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) standards.
Washington, D.C. – Senator Tim Scott (R-S.C.) has joined Senator Bill Hagerty (R-Tenn.), Representative Andy Barr (R-Ky.-06), and other colleagues in urging Treasury Secretary Janet Yellen and senior Biden-Harris administration officials to address what they see as regulatory overreach from the European Union (E.U.). The concern stems from the E.U.'s Corporate Sustainability Due Diligence Directive (CSDDD), adopted in May, which enforces progressive social and climate policies on international businesses, including those based in the United States.
Senator Tim Scott (R-S.C.) has introduced the Empowering Main Street in America Act, aimed at revitalizing businesses and broadening access to capital markets. The legislation has garnered support from a diverse group of stakeholders.
Ranking Member Tim Scott (R-S.C.) participated in a Punchbowl News event centered on small business and the economy. At the event, Scott discussed his Empowering Main Street in America Act, aimed at improving access to capital for entrepreneurs, adjusting regulations for small and newly public companies, and creating investment opportunities within communities.
Senator Tim Scott (R-S.C.), the Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, has introduced a comprehensive bill aimed at revitalizing businesses and opening up capital markets to more Americans. The Empowering Main Street in America Act is designed to boost avenues for capital formation that create jobs and generate economic growth.
At a U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing focused on consumer fraud and scams, Ranking Member Tim Scott (R-S.C.) commended law enforcement for their relentless efforts to combat financial crime and protect Americans nationwide. Scott also recognized the contributions of state financial regulators and financial institutions in educating consumers about various scams.
Ranking Member Tim Scott (R-S.C.) introduced the ROAD to Housing Act today, a comprehensive legislative effort aimed at reversing decades of housing policies and making targeted reforms across the U.S. housing market. This initiative follows extensive negotiations with stakeholders and feedback from multiple committee hearings.
In response to Federal Reserve Board Vice Chair for Supervision Michael Barr’s comments today at the Brookings Institution on the future of the Basel III Endgame proposal, Ranking Member Tim Scott (R-S.C.) issued a statement.