I am pleased to yield such time as he may consume to the gentleman from New Jersey (Mr. Norcross). This is his bill.
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Seeing as I have no additional speakers, I urge my colleagues to support H.R. 4403, the Enhancing Overseas Traveler Vetting Act. I yield back the balance of my time.
These regulations [that have been imposed since the 2008 financial crisis] are new and we should be willing to adjust them as we learn.
I think it is, to me, very clear that financial institutions are much stronger, safer, sounder, more resilient, better capitalized, more liquidity, less risky, and all of those things than they were before the financial crisis and…
We do not want our banks to turn into Government mutual funds, where they hold only Government securities.
I agree with that. I would add two quick things.
I do not know that there is a tradeoff, and I think, again--I do not want to look at the pre-crisis levels of liquidity as any kind of a benchmark.
I think every study does consider the question--every study I have seen--I have not read them all, but I have read a lot of them--every study that I have seen does consider the question and consider regulation as one of a series of factors.
I cited that and referred to that in my testimony, so I do not think you can take any single piece of research as wholly dispositive.
It is very clear that banks have reduced their portfolios of fixed-income securities.
It's working today, millions of veterans' lives depend upon it.
The country should be proud that we developed this system.
We're trying to make the best decision for, exactly as you're saying, the veterans and the taxpayers, and everything's on the table.
VA needs the ability to have veterans schedule appointments themselves. No question about it.
I agree with Ranking Member Kuster that the wait time crisis in 2014 was in part caused by an archaic scheduling system that is almost impossible to figure out.
Ensuring appropriate coordination and communication between the VHA and OI&T is vital to moving the VA health care system toward the 21st century.