Statement from Secretary of the Treasury Scott Bessent Before the United States House Committee on Financial Services

As prepared for delivery.Chairman Hill, Ranking Member Waters, and members of the Committee, thank you for convening today’s hearing. I look forward to discussing the international financial system as we strengthen American leadership within it.In recent weeks, the United States brought that leadership to Asheville, where we welcomed the world for our G20 Finance Ministerial.For decades, multilateral forums like the G20 accumulated sprawling agendas while losing sight of their core missions. Under President Trump, we are getting back to basics. Growth is the condition on which durable prosperity depends. And our Chair Statement achieved broad agreement on the need to promote it.