Committee Chairman Tim Scott backed the administration's approach, arguing that heavy regulation had reduced access to credit, particularly for lower-income Americans.

Washington, D.C.: White House-Trump-Iran Caption : Washington, D.C.: U.S. President Donald Trump speaks to the press on the South Lawn of the White House in Washington, D.C., the United States, on May 1, 2026. Trump said Friday he is "not satisfied" with Iran's latest proposal to end the U.S.-Israeli war with the Middle Eastern country, which is currently under a continuing ceasefire. "They want to make a deal, but I'm not satisfied with it," Trump told reporters at the White House.
Credit: Xinhua via IANS