U.S. Senator Tim Scott urges SEC to be held accountable

On September 25, U.S. Senator Tim Scott (R-SC) criticized Securities and Exchange Commission (SEC) Chairman Gary Gensler for postponing a scheduled Senate Banking Committee hearing, FOX Business reported. Scott said Gensler's regulatory agenda is detrimental to the U.S. economy, placing additional burdens on businesses, reducing access to capital, and harming U.S. retirement savers. Republican lawmakers have introduced the Empowering Main Street in America Act, which would require the SEC chairman to testify before Congress twice a year to increase transparency and accountability.