Senate Banking Committee Ranking Member Scott, Colleagues Sound Alarm on China Dominance in Global Payments Market
October 26, 2023
October 26, 2023
WASHINGTON, Oct. 26 -- Sen. Tim Scott, R-South Carolina, ranking member of the Senate Banking, Housing and Urban Affairs Committee, issued the following news release:
Ranking Member Tim Scott (R-S.C.) led all the Republicans on the Banking Committee in urging the Biden administration to confront the Chinese Communist Party's (CCP) expanding footprint in the U.S. financial system and global payments market. Senators Mike Crapo (R-Idaho), Mike Rounds (R-S.D.), Thom Tillis (R-N.C. . . .
Ranking Member Tim Scott (R-S.C.) led all the Republicans on the Banking Committee in urging the Biden administration to confront the Chinese Communist Party's (CCP) expanding footprint in the U.S. financial system and global payments market. Senators Mike Crapo (R-Idaho), Mike Rounds (R-S.D.), Thom Tillis (R-N.C. . . .