ICYMI—Hagerty Joins Kudlow on Fox Business to Discuss Spain, Iran and Community Reinvestment Act Reforms

Washington-On Friday, United States Sen. Bill Hagerty, R-Tenn., a member of the Senate Foreign Relations, Appropriations, and Banking Committees, joined Kudlow on Fox Business to discuss Spain's immigration crisis, the latest in Iran and the Trump Administration's proposed reform of the Community Reinvestment Act.

*Click the photo above or here to watch*

Partial Transcript

Hagerty on Spain's immigration crisis: I think it is precisely what the president is warning against, and it's a preview of what could happen if the Democratic Socialists of America are able to get in charge. If you think about it, the Socialist Workers Party in Spain, a leftist, socialist organization, is taking control of that country. This is what you get… It's an invitation to these people to overrun their country. I think all of Europe should be on alarm. Again, this is a preview of what could happen right here in America. We already saw [President Joe Biden] try it before. Thank God [President Donald Trump] came into office and has put a complete stop to this. It's out of the news right now, but this could happen again. It's a preview and it's a wakeup call to all of us, and I think as we head into the midterm elections, to remember what the Democrat socialists can do-it's happening right now in Europe.

Hagerty on Iran: Much to Washington's shock, President Trump has been very good about not telegraphing his every move. But I'll say this, [Commander of the United States Central Command (CENTCOM) Admiral Brad Cooper] had completed roughly 75 to 80% of the target package that initially was set to deal with Iran. He stepped back from that when we went into negotiations, into the ceasefire to deal with the straight before moves. I think the time has come. Go back, finish the package, finish the job. I think this is what the American public needs to see. As soon as this happens, I'll tell you this. The polling data that [Senate Minority Leader Chuck Schumer, D-N.Y.] and the Democrats are thrilled about right now, because Americans don't like to see this sort of unclear situation. Once we have clearly defined this and ended this, this whole bit in Iran, we've taken the [Islamic Revolutionary Guard Corps (IRGC)] and put them where they belong… I think you're going to see the president's poll numbers; you're going to see joy back in America again. Americans love a winner; Americans love to win. We can do that, and I think the time has come to deliver on it […] our Israeli partners, they have exquisite intelligence and capabilities on the ground there. You saw what they did with the supply chains when every one of Hezbollah's leaders had their fingers and thumbs blown off. I think the Israeli Military possesses incredible covert capabilities… I think we should put every option on the table… Let's execute the alternatives.

Hagerty on the Trump Administration's proposed reform of the Community Reinvestment Act: I'm glad to see the Trump Administration doing as they have been and going in and taking a very hard look at this regulatory regime. This is a tool that has been misused. I'm certain this was not the original intent, but this has basically been a tool used to shake down any bank or financial institution that wants to merge or expand into a given market, and they get shaken down by liberal regulators and those that want to control them to write checks to support efforts, particularly liberal efforts. That just shouldn't be the case. That's coming to an end, again, thanks to the Trump Administration, and thanks to strong leadership on the economic front led by [U.S. Treasury Secretary Scott Bessett], and the new comptroller. I'm very pleased with where we are headed.

###