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Maria Cantwell: “There was guidance in the Federal Reserve to undertake those…”

Featuring: Maria Cantwell, Democratic | U.S. Senate from Washington

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Ted Cruz Leads Senate Commerce Committee In Executive Session To Consider Pending Business

Published | Video Starts at 29:53

And that is a topic that is perfectly appropriate for floor speeches on the Senate floor, but does not belong in this bill. So I URGE no vote. Mr. Chairman. Senator Lumbis, I, … There was guidance in the Federal Reserve to undertake those kinds of considerations [debanking businesses unfavorable to the Biden administration]. … oil and. Gas business and other businesses that were. Unfavorable to the Biden administration. And in fact, some were debanked. We even determined that there was guidance. (29:53–30:04)

CLAIM

Asserts that the Federal Reserve provided guidance to consider debanking businesses unfavorable to the Biden administration.

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Maria Cantwell

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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