WASHINGTON, D.C. – Today in a Subcommittee on Financial Institutions and Monetary Policy hearing entitled, “Uncertain Debt Management: Treasury Markets and Financial Institutions” Congressman Blaine Luetkemeyer (MO-03) discussed our nation’s continued inflation, increased interest rates, and bank failures.

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Rep. Luetkemeyer: In today’s Wall Street Journal, there’s an article [that talks about] big banks facing a boost in the capital safety net. Because of the situation, the regulators are looking at a 20% increase in capital for the banks over one hundred billion dollars. To me, it’s directly tied back to this interest rate problem that is in our system right now. And I think it’s going to be exacerbated by this increased debt that we’ve incurred. So, I’m concerned about how all these things fit together.