Senator Criticizes SEC Chair For Postponing Senate Hearing

According to PANews, U.S. Senator Tim Scott has criticized SEC Chair Gary Gensler for postponing a scheduled Senate Banking Committee hearing. Scott argued that Gensler's regulatory agenda is detrimental to the U.S. economy, increasing burdens on businesses, reducing access to capital, and harming American retirement savers' interests. In response, Republican lawmakers have introduced the Empowering Main Street in America Act, which mandates the SEC Chair to testify before Congress twice a year to enhance transparency and accountability.