Secretary Scott K.H. Bessent's Statement Before the United States House of Representatives Committee on Financial Services

As prepared for deliveryChairman Hill, Ranking Member Waters, and Members of the Committee—I’m grateful to join you today.At the IMF and World Bank Group Spring Meetings last month, I relayed an important message: America First does not mean America Alone. To the contrary, America First seeks to expand U.S. leadership in international institutions like the IMF and World Bank. By embracing a stronger leadership role, the United States will restore fairness to the international economic system.I look forward to answering your questions on this topic today. And I look forward to providing you with a broad overview of Treasury’s achievements and future plans. Specifically, I would like to highlight the Department’s efforts to boost U.S. economic growth, improve government efficiency, and target illicit actors that threaten our national security.The core components of the Trump economic agenda are trade, tax cuts, and deregulation.