News
  • Nidhi Kolhapur
    author-profile

    Nidhi Kolhapur right arrow

    Author

    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

    • author facebook
    • author twitter
    • linkedin

  • 1 minute read

Tim Scott Announces Banking Committee Priorities for 119th Congress

Story Highlights
  • Tim Scott's 119th Congress Agenda: Focus on financial inclusion, crypto regulation, and affordable housing to boost U.S. growth.

  • Banking Committee Priorities: Tim Scott targets capital access, national security, and streamlined regulations for economic expansion.

In a latest development, Chairman Tim Scott has announced the legislative and oversight priorities for the U.S. Senate Committee on Banking, Housing, and Urban Affairs for the 119th Congress. Scott aims to focus on increasing financial inclusion and advancing opportunities for Americans nationwide.

โ€œMy goal for this Congress is simple: make America work for Americans. Over the last two years, weโ€™ve led comprehensive solutions to serious challenges Americans faceโ€”from addressing our failed federal housing policies to increasing access to capital to bolstering our economic national securityโ€”and we can build on this success,” Scott remarked.

Scott expressed his eagerness to collaborate with the Trump administration and committee colleagues in the 119th Congress to reach consensus and develop solutions that enhance financial inclusion and create opportunities nationwide. โ€œThe American people gave Congress a mandate โ€“ letโ€™s get to work,โ€ Scott added. 

Top Priorities For The Banking Committee

Chairman Tim Scottโ€™s priorities for the Banking Committee in the 119th Congress include:

Promoting Financial Inclusion, Affordable Housing: Scott aims to make financial services more accessible, reduce burdensome regulations, and ensure consumers have the tools to make informed decisions. he also plans to address high housing costs by reducing overregulation and advocating for targeted reforms to support families.

The committee will focus on policies that expand capital access for small businesses and entrepreneurs across the country, not just in large cities. The committee will work on creating a clear regulatory framework for cryptocurrency and digital assets to encourage innovation and protect consumers.

Scott will prioritize strengthening U.S. national security through sanctions, export controls, and countering threats from adversaries like Iran and China. The committee will also support state-based regulation of insurance and protect consumers, especially in flood-prone areas.

Besides, Scott plans to cut bureaucratic red tape to allow local communities to drive infrastructure projects. The committee will also hold federal agencies accountable for policies that hurt businesses and individuals and ensure transparency in government agencies.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

In all, Chairman Scott will focus on creating opportunities for Americans while pushing back against policies that limit economic growth.

Show More

Related Articles

Back to top button