I believe we need to cancel $50,000 in student debt for Federal student loan bonds.

I want to congratulate you on your 4 years as Chair.

Are those legally enforceable, though? Is that guidance legally enforceable?

We have other regulators that have been doing this stuff for 100 years, and your approach at the CFPB is novel.

Well, that, 'help,' has had a negative effect on consumer protection.

Next month, there will be a new Majority in the House of Representatives. We look forward to more oversight.

I raised this last April about regulation-by-press-release. In your first 6 months, you issued 49 press releases.

So, you would tell folks who look at new guidance that was issued maybe this morning, that has no new force of law, no new obligation on them, that it is just guidance?

But I just want to close here. So in your view, guidance is not legally binding. Is that true?

Is there objection to the request of the gentleman from Virginia? There was no objection.

The Chair announces that 32 former and retiring Members of Congress have responded to their names. The Chair now recognizes the Honorable L.F. Payne, president of the Association of the Former Members of Congress to address the Members.

I want to commend you for that outreach, because without that outreach, we could not have gotten a bipartisan product.

Madam Speaker, I rise today and join my colleagues in support of H. Res. 1156, expressing the commitment of the House of Representatives to building on 20 years of success of the George McGovern-Robert Dole Food for Education and Child…

I now ask the clerk to call the roll of all former and retiring Members. The Clerk called the roll and the following Members were ``present'': Mr. Altmire of Pennsylvania Mr. Bartlett of Maryland Ms. Bourdeaux of Georgia Mr. Capuano of…

Mr. Speaker, in the hearing on this bill in the markup in April before the Committee on the Judiciary, I raised an amendment or proposed an amendment that we protect the United States, if this bill were to pass, by providing that the…

The Chair recognizes the distinguished gentlewoman from California (Ms. Pelosi), the Speaker of the House.

The Chair again wishes to thank the former and retiring Members of Congress of the House for their presence here today. Before ending these proceedings, the Chair would like to invite those former and retiring Members who did not respond…

It is obvious that the CFPB's lack of transparency is of grave concern.