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Ted Cruz: “The Federal Reserve is nowhere near the jurisdiction of this…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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

Published October 21, 2025 | Video Starts at 29:30

In this particular instance, it is intended to criticize President Trump and the Trump administration for the policies concerning the Federal Reserve. The last I checked, The Federal Reserve is nowhere near the jurisdiction of this committee. It has nothing to do with the underlying bill. And that is a topic that is perfectly appropriate for floor speeches on the Senate floor, but does not belong in this bill. (29:30–29:34)

CLAIM

Asserts that the Federal Reserve is not under the jurisdiction of the committee discussing the amendment.

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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