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Russell Vought: “I think it would help, for sure. I think it would align with…”

Featuring: Russell Vought, Director, U.S. Office of Management and Budget | National

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Frank Lucas Asks Russell Vought How 'Congressional Accountability' For CFPB Would Help Agency

Published | Video Starts at 03:18

The bill we've noticed today would include an adjustment to the supervision threshold to 21 billion to account for economic growth. What would that adjustment mean for the Bureau's ability to focus its supervisory function on larger institutions? I think it would help, for sure. I think it would align with the risk basis of which we endeavor our supervision and enforcement activities. And so I think it's the kind of common sense reform that would hopefully ride on a reform bill. Thank you, Director, for being here, and thank you, Chairman, for having this hearing. (03:18–03:30)

CLAIM

Asserts that adjusting the supervision threshold to $21 billion would align with risk-based supervision and enforcement.

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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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