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Rescission Form

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thank you the committee will come to order without objection the chair is authorized to declare a recess of the committee at any time this hearing is entitled a holistic review of regulators regulatory overreach and economic consequences without objection all members will have five legislative days within which to submit extraneous materials to the chair for inclusion in the record I now recognize myself for five minutes to give an opening statement last week we began a discussion of the so-called Basel III endgame proposal put forward by Federal Banking agencies today we continue that discussion noting the fact that numerous other proposals have come out of the democrat-appointed Federal Banking Regulators over the past couple of months with Promises of more to come the Basel related proposal is incorrectly pushed as a response to the March banking instability and has been delivered in an underdeveloped and hurried fashion and in many crucial areas is glaringly arbitrary and capriciou

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