United States Senate Committee On Banking, Housing, And Urban Affairs News

Tim Scott supports SEC chair nominee Paul Atkins

U.S. Senator Tim Scott has expressed support for Paul Atkins, the nominee for Chairman of the Securities and Exchange Commission (SEC).

Senator Tim Scott criticizes CFPB's final rule on medical debt

U.S. Senator Tim Scott from South Carolina has expressed his concerns over the Consumer Financial Protection Bureau's (CFPB) final rule on medical debt.

Senator Tim Scott criticizes Michael Barr's tenure as Fed Vice Chair

U.S. Senator Tim Scott has issued a statement following the announcement that Michael Barr will step down from his role as the Federal Reserve Board Vice Chair for Supervision.

Tim Scott set to become first Black chairman of a Senate standing committee

Today, U.S. Senator Tim Scott of South Carolina announced his upcoming role in the 119th Congress as the longest-serving Black senator in U.S. history.

Scott and Hill seek answers from Treasury over China-linked cyber hack

Ranking Member Tim Scott and House Financial Services Committee Vice Chair French Hill are seeking explanations after a cybersecurity breach at the U.S. Department of Treasury, reportedly sponsored by China.

Tim Scott releases year-in-review report highlighting GOP banking committee achievements

Ranking Member Tim Scott has released the 2024 Year-in-Review and Oversight Report for the 118th Congress, detailing the efforts of Banking Committee Republicans.

Tim Scott discusses future of AI and crypto with David Sacks

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.

Tim Scott discusses housing policy reforms with HUD nominee

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).

Tim Scott criticizes CFPB's decision on overdraft fee cap

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.

Tim Scott criticizes CFPB director Chopra over continued rulemaking activities

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.

Tim Scott responds to Senate plan for markup of Biden's nominees

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.

Republican senators urge Biden administration to enforce sanctions on Iran's oil sector

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.

IAIS acknowledges US state-based insurance regulation system

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.

Tim Scott supports Paul Atkins' SEC nomination amid calls for non-partisan leadership

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).

Tim Scott comments on Scott Turner's nomination for HUD Secretary

Ranking Member Tim Scott from South Carolina has issued a statement regarding the nomination of Scott Turner as Secretary of Housing and Urban Development.

Tim Scott comments on Martin Gruenberg's resignation as FDIC chairman

In Washington, D.C., Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg announced his resignation effective January 19th.

Senator Scott urges Biden administration to stop rulemaking activities

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.

Tim Scott hosts virtual career event for HBCU students focusing on finance

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.

Senators question NY Fed's alleged failure in preventing funds flow to Iran

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.

Lawmakers urge action against EU's regulatory reach impacting US businesses

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.