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SEC chief faces scrutiny from GOP over progressive agenda
Charles Payne to SEC Chair Gensler: People want you to level the playing field
FOX Business host provides insight on his disagreement with U.S. Securities and Exchange Commission Chair Gary Gensler on ‘Making Money.’
Republicans on Capitol Hill are laying the groundwork for how they will oppose President Biden’s increasingly progressive economic agenda. They will make Wall Street’s top cop their poster child for an administration pushing policies they say are both out of touch with the concerns of average Americans and unconstitutional.
The Securities and Exchange Commission run by a former Goldman Sachs investment banker Gary Gensler has become public enemy No. 1 for many House and Senate GOPers. They say his policies, which include newly proposed rules that force progressive edicts on the environment and other social issues near and dear to Democrats as well as expansive crypto regulation, far exceed his authority.
If the GOP takes Congress, it is planning an all-out assault against Gensler and his leadership at the SEC, Fox Business has learned after interviewing several key GOP lawmakers and others involved in Republican politics.
That is likely to include forcing Gensler to appear before committee hearings and possibly trying to cut the SEC budget, as it has done in the past with a GOP-controlled Congress during the Obama administration.
SEC WANTS MORE CLIMATE DISCLOSURES. BUSINESSES ARE PREPARING FOR A FIGHT
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