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 his statement, Scott addressed Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra for continuing rulemaking activities despite calls to pause them.

Scott emphasized the need for a fresh start under President Trump’s administration, stating that prudential regulators had agreed to halt rulemaking before the inauguration. He accused Director Chopra of advancing a partisan agenda at a rapid pace, expanding CFPB jurisdiction, and pushing political narratives.

Scott highlighted concerns about debanking and Operation Chokepoint, asserting that legal businesses should not be denied banking services based on political agendas. He expressed hope for increased accountability at the CFPB with a new director and called for legislation to enhance opportunities for American families and small businesses.

"Thank you for your service on this committee since 2007," Scott said in his remarks. "It is paramount that President Trump can begin his administration on January 20th with a fresh slate."

He concluded by expressing optimism for future congressional efforts to restore regular order and promote opportunity across the nation.