the economics of inaction are very clear to folks; and then also, kind of toughening up a little bit

Well, let us talk--because you are using the word I wanted to get to next is 'incentivize.'

As you said in your testimony, the insurance industry has a unique capacity to provide that discipline.

If the Federal Government is the 800-pound gorilla... is that a real disincentive to do the resiliency?

Well, we have that interference, correct?

OK. And, again, that is not a good thing in terms of reduction of that moral hazard of----

Do you think people would build $1 million, $2 million homes right on the beach if they had to pay the full cost of the risk on their insurance?

Thank you, Mr. Chairman, for yielding time. As both you and the gentleman from Delaware mentioned, it is pretty remarkable that on the Financial Services Committee, a committee which comes together and doesn't always agree on the…

Mr. Speaker, I thank the gentleman from Texas for yielding to me. I am hearing the arguments from across the aisle about how the Consumer Financial Protection Bureau is protecting consumers and protecting America from unfair practices and…

Mr. Speaker, collecting information from the American people and their phone records is one thing, knowing who you call and when you call them. It is something far different, Mr. Speaker, when you see how they spend, where they spend, when…

Mr. Chairman, thank you for yielding. Madam Speaker, just to be clear, the bill that is before the House today is not a repeal bill of the CFPB. It is a modification, a reform package to the CFPB. So when my colleagues and friends across…

Mr. Speaker, I have to acknowledge that I am a little disheartened that my friends across the aisle are encouraging the defeat of a rule that would bring a vote to protect consumers from having the CFPB collect financial data on them. I…

I am proud to say that Wisconsin has long been a leader in investing in our children early.

It is my sincere hope that this bipartisan push for pre-K in States across our country will soon be mirrored on Capitol Hill.

Investments in early learning improve education outcomes, support families, and also make basic economic sense.

I would like to thank the Chairman for his commitment to early childhood education, and I look forward to hearing from our panelists today and am grateful for their testimony and expertise.

I would like to thank you both as well as my other colleagues on the committee for holding this hearing on high-quality early learning, which is essential to fulfilling both the promise of the American Dream and the fundamental American…

I urge the committee to consider this bill and move it to the House floor for passage.