Democratic Senators Demand Hearing Before Banking Committee Markup

News Flash 2026-01-13 08:47

Democratic Senators Chris Van Hollen, Tina Smith, and Jack Reed have urged the Banking Committee's GOP leadership to hold a full hearing before Thursday's markup session. In a letter, they criticized the lack of available text, expected to exceed 200 pages, just two days before the vote on what they describe as "the most significant law considered by the committee this century." Despite their plea, all three senators, known for their anti-crypto stance, are anticipated to vote against the proposal regardless of a hearing. Previously, Republican Senator John Kennedy, alongside Reed, had also requested a hearing to better understand the issues, though he did not join this latest appeal. It remains uncertain if Kennedy's position has changed since his initial request before the Christmas break.

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