Scott Calls on Biden Administration to Cease Rulemaking, Withdraw Nominations

Washington, D.C. - Ranking Member Tim Scott (R-S.C.) called on the Biden administration's financial and housing regulators to cease all rulemaking activity and for President Biden to withdraw nominations before the committee. Ranking Member Scott also reminded the regulators to comply with federal retention laws and preserve documents, records, and communications.

In a letter to President Biden, Ranking Member Scott wrote, "On November 6th, Americans across the country rejected your administration's radical economic agenda and delivered President Trump and the incoming Republican Congress a clear mandate to usher in a new era of government. Given this mandate, it is incumbent upon you and your administration to ensure that President Trump can implement the agenda the American people voted for by allowing him to take office on January 20th with a fresh slate."

Ranking Member Scott continued, "As the top Republican on the Senate Committee on Banking, Housing, and Urban Affairs, I call on the agencies overseen by the Committee to cease all rulemaking, including the finalization of any pending or proposed regulations or guidance, and to comply with federal record retention laws and preserve all agency documents, records, and communications. I subsequently demand that all pending nominations within the Committee's purview be withdrawn. I will not vote for, or advance, any nominees put forth in front of the Committee by your administration. Next Congress I look forward to confirming President Trump's nominees who will bring about economic opportunity for all Americans."

To read the full letter, click here.

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