U.S. Senate Banking Committee GOP

Official account for Republican staff of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, led by Chairman @SenatorTimScott.

[U.S. Senate Banking Committee GOP @BankingGOP]

Today, Chairman @SenatorTimScott led Banking Committee Republicans and Democrats in a historic bipartisan markup to advance to Clarity Act, legislation that will establish clear rules of the road for digital assets.

[U.S. Senate Banking Committee GOP @BankingGOP]

Chairman @SenatorTimScott knows the United States cannot afford to cede its technological advantage to China.

America’s leadership in AI is critical to our national security. To stay ahead of our adversaries, America must foster innovation, strengthen trusted U.S. technology networks, and set clear policies that protect and advance our technological edge.

[U.S. Senate Banking Committee GOP @BankingGOP]

The next generation of economic growth will be driven by innovation, not bureaucracy. Roughly 20% of American small businesses are already using AI to help lower the cost of doing business, helping keep costs down for consumers.

AI should be a tool that strengthens American workers, not make them feel replaceable.

[U.S. Senate Banking Committee GOP @BankingGOP]

Artificial intelligence presents enormous opportunities for our economy, consumers, and small businesses.

Chairman @SenatorTimScott and his colleagues are committed to asking the right questions, understanding the risks, and ensuring America remains the global leader in artificial intelligence.

[U.S. Senate Banking Committee GOP @BankingGOP]

HAPPENING NOW: Chairman @SenatorTimScott leads a Banking Committee hearing entitled, "AI and the American Dream: Promoting Innovation, Affordability, and American Dominance." https://t.co/z6kKRHedXJ

[U.S. Senate Banking Committee GOP @BankingGOP]

Chairman @SenatorTimScott previewed today’s Senate Banking Committee AI hearing on @MorningsMaria.

The Committee is focused on protecting consumers and workers while ensuring AI is built by American companies with American values.

[U.S. Senate Banking Committee GOP @BankingGOP]

Chairman @SenatorTimScott on digital assets: “Job one is making sure that consumers are protected.”

The Clarity Act will establish clear rules of the road, protect consumers, and help ensure America leads the future of finance.

[Senator Tim Scott @SenatorTimScott]

The Clarity Act takes the side of everyday Americans.

This historic legislation brings digital assets out of the shadows and into a system that is safer, fairer, and more transparent!

[Senator Tim Scott @SenatorTimScott]

From Columbia to Sumter, families across South Carolina have felt the deadly impact of fentanyl and the criminal networks behind it.

That is why I led the FEND Off Fentanyl Act: to follow the money, target traffickers, and stop cartels from profiting off poison in our communities. https://t.co/fFSG3SQ17F

[U.S. Senate Banking Committee GOP @BankingGOP]

Drug cartels and traffickers do not just move poison, they move money.

This guilty plea, involving stops in South Carolina, shows why @SenatorTimScott led the FEND OFF Fentanyl Act to target the illicit financial networks fueling the fentanyl crisis.
https://t.co/0KygNnny4t

[crypto.news @cryptodotnews]

JUST IN: Senator Tim Scott says punishing success will not solve Washington’s spending problem. Pro-growth policies that encourage affordability, investment, jobs, and opportunity are the answer

[Senator Tim Scott @SenatorTimScott]

Coming from a single-parent household in poverty, I care deeply about how we treat the poorest Americans.

Our policies should encourage affordability, investment, job creation, and opportunity for every American.

[Senator Tim Scott @SenatorTimScott]

Punishing success will not solve Washington’s spending problem.

The answer is pro-growth policies that encourage affordability, investment, create jobs, and keep opportunity alive for every American.

[CNBC @CNBC]

Sen. Tim Scott on a capital gains tax: "The question is: Who creates more jobs? We need to make sure that those job creators have the incentives to continue to create those jobs here."

[U.S. Senate Banking Committee GOP @BankingGOP]

Affordability is job number one for the Senate Banking Committee.

Chairman @SenatorTimScott is focused on bipartisan solutions that lower costs, expand opportunity, and deliver results for working families.

[U.S. Senate Banking Committee GOP @BankingGOP]

.@BankingGOP is delivering results for the American people.

Today, on @SquawkCNBC, Chairman @SenatorTimScott highlighted how the 21st Century ROAD to Housing Act would expand affordability by increasing housing supply, lowering costs, and cutting burdensome regulations.

[U.S. Senate Banking Committee GOP @BankingGOP]

ICYMI: This morning, Chairman @SenatorTimScott hosted @SquawkCNBC in the Banking Committee Hearing Room.

Chairman Scott discussed @BankingGOP’s focus on expanding affordability and opportunity for hardworking American families, workers, and small businesses ⬇️

[Senator Tim Scott @SenatorTimScott]

The Clarity Act is the future of finance, laying the rules of the road and establishing America as the crypto capital of the world.

This bill says that the future of finance should be built in America, under American laws, and with American values.

[Senator Tim Scott @SenatorTimScott]

The future of finance isn’t crypto vs. banks - it’s crypto AND banks.

The Clarity Act establishes clear rules of the road for digital assets, protecting investors and supporting responsible innovation in the U.S.

[U.S. Senate Banking Committee GOP @BankingGOP]

Chairman @SenatorTimScott has long opposed the Biden SEC’s climate disclosure rule, and @SECPaulSAtkins is right to rescind it.

@SECGov should be focused on its core mission – not imposing a backdoor climate agenda on American businesses.

This is a win for common sense.

[U.S. Securities and Exchange Commission @SECGov]

🚨 TODAY: SEC proposes rescission of overly burdensome and costly climate-related disclosure rules.

The SEC’s proposal focuses on returning the agency to its core mandate and restoring a materiality-focused approach to securities regulation.

[U.S. Senate Banking Committee GOP @BankingGOP]

Chairman @SenatorTimScott agrees with @USTreasury @SecScottBessent: it is time to make America the crypto capital of the world.

That is why he advanced the Clarity Act through a bipartisan markup to deliver clear rules of the road and bring crypto innovation onshore.