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Rick Scott: “We can work to address this and start repairing the broken…”

Featuring: Rick Scott, Republican | U.S. Senate, Florida

JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds

Published August 1, 2025 | Video Starts at 00:33

This malpractice and lack of transparency and accountability have seriously undermined confidence in our financial system. We can work to address this and start repairing the broken trust of the American people today by passing my bill. which is simple. Establish an independent Senate confirmed inspector General at the Federal Reserve. Every other government agency has one. Surely the government's largest agency should have one. (00:33–00:40)

CLAIM

Asserts that passing his bill will help repair trust in the Federal Reserve.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Rick Scott

“Every other government agency has one [an independent Inspector General].”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 00:46-00:49
“In recent years, we have seen hundreds of allegations of voting members of the Federal Reserve engaging in shady, unethical investment…”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 01:09-01:17
“We're seeing billions in taxpayer dollars being spent to renovate the Federal Reserve headquarters in Washington D.C.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 01:28-01:34
“The Fed is operating at a loss.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 01:34-01:36
“The Federal Reserve's Inspector General is appointed by and reports to Jay Powell and the Fed Board.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 01:36-01:48
“The Federal Reserve has been wildly unaccountable for years under Jay Powell's leadership.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 00:06-00:12
“Powell has also overseen regulatory failures and numerous reports of unethical practices among its own members.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 00:16-00:22
“The malpractice and lack of transparency and accountability have seriously undermined confidence in our financial system.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 00:27-00:34
“Establish an independent Senate confirmed inspector General at the Federal Reserve.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 00:40-00:46
“We've seen the collapse of Silicon Valley bank and others.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 01:19-01:23
“We need significant changes at the Federal Reserve to bring the transparency, accountability that the American people deserve.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 10:04-10:11
“I have several bills to address the failures of the Fed and bring accountability on behalf of the American people.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 10:10-10:16
“Today I ask my colleagues support my common sense bipartisan bill with my colleagues, Senator Warren, Senator Moreno, Senator Lummis, to…”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 10:15-10:28
“This bill is a great first step to fix the failures and restore trust in the Federal Reserve and ensure it works on behalf of the American…”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 10:32-10:38
“We got to get somebody independent in [the Federal Reserve].”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 14:51-14:54
“We just have to come up with the right process where it's not perceived to be political.”
JUST IN: Gary Peters Blocks Rick Scott's Bill To Change Fed Structure—Then Peters Responds | Uploaded August 1, 2025 | 14:53-14:57