WASHINGTON, April 15 -- Sen. Tim Scott, R-South Carolina, ranking member of the Senate Banking, Housing and Urban Affairs Committee, issued the following opening statement at a hearing on March 7, 2024, entitled "The Semiannual Monetary Policy Report to the Congress": * * * Chair Powell, thank you for coming this morning. Good morning - appreciate you being here. In three days, on March 10, it will be the one-year anniversary of the failure of the Silicon Valley Bank. SVB marked the third la  more

WASHINGTON, April 15 -- Sen. Tim Scott, R-South Carolina, ranking member of the Senate Banking, Housing and Urban Affairs Committee, issued the following statement at a hearing in March 12, 2024, entitled "Examining Proposals to Address Housing Affordability, Availability, and Other Community Needs": * * * Thank you, Mr. Chairman and thank you for the panelist for being here with us this morning and certainly, a very important topic for us to discuss - the state of housing. Nearly a year ago,  more