SE Nebraska News

Rep. Mike Flood, a member of the U.S. Congress representing Nebraska’s 1st district, has been vocal about his concerns regarding the current state of financial market stability and regulatory approaches in the United States. In a series of tweets, Flood addressed these issues and expressed his views on how they should be handled.

On November 21, 2024, Rep. Mike Flood shared his thoughts on the role of the United States in global financial markets and criticized SEC Chair Gary Gensler for not providing clarity or stability. He stated, "The world looks to the United States for clarity and stability in financial markets, and Chair Gensler has delivered neither." Flood also indicated his anticipation for President Donald Trump's nomination for a new SEC chair and expressed willingness to work with the administration to restore trust in the SEC.

In another tweet posted on November 21, 2024, Rep. Flood commented on Chair Gensler's tenure at the SEC. He remarked that during this period, "he pushed ESG on investors, tried to quash up-and-coming crypto markets, and refused to work with Congress on a digital assets framework." This reflects Flood's disapproval of Gensler's approach towards emerging financial technologies and regulatory frameworks.

Further expressing his opinions on fiscal management, Rep. Flood drew comparisons between Nebraska's budget process and federal budget negotiations during an appearance on C-SPAN Washington Journal. On November 21, 2024, he tweeted: "In Nebraska, we have a budget process that works. Our federal government should be the same." He encouraged viewers to listen to his detailed views shared earlier that day regarding federal budget discussions.