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In a memo circulated by the Senate Banking Committee Wednesday, staff listed several options for either increasing revenues or cutting spending.

Tim Scott preps ‘debanking’ hearing

The Senate Banking Committee is organizing a hearing to examine "debanking" in the U.S. financial system, according to two people familiar with the planning.

This is a hot-button issue for the crypto industry, and the topic’s priority for the panel is a clear signal of what's to come for the 119th Congress. The hearing is in the early planning stages and subject to change, people said.

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Punchbowl News Presents

Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.