I thank the gentleman from Virginia. They actually called for us to have this procedure. And that part of Dodd-Frank--I have sometimes said ``the good, the bad, and the ugly''-- that was a good part. We needed to structure bankruptcy where…

First let me thank Chairman Goodlatte and Ranking Member Conyers--former Chairman Conyers--for those kind remarks. I have been fortunate to associate with both of you gentlemen over the past years and appreciate the confidence you have…

Again, I thank the chairmen, the ranking members, and their staff for putting this together. The resolution process for financial institutions is one of the pieces of unfinished business from the 2008 financial crisis, and we will finish…

Does that make what the President did constitutional if it is unconstitutional?

I claim the time in opposition, although I am not opposed. The CHAIR. Without objection, the gentleman from Alabama is recognized for 5 minutes. There was no objection.

I want to commend the gentleman from Washington (Mr. Kilmer) for what I consider a straightforward, commonsense amendment. This is an amendment to the Fair and Accurate Credit Transaction Act, what we commonly call the FACT Act. The FACT…

I would simply recognize Mr. Petri's and Ms. Tsongas' contributions in helping Mr. Kilmer with this amendment--and there may be others. I want to express to the full committee chair our appreciation for supporting this amendment, and I…

Those left on the short end can often be the people who have the greatest difficulty in getting any credit at all.

Let me say this, we are going to have a second round.

Consumer fraud is real. Go after that, not after an archery store.

The program also can deny legitimate merchants access to financial networks they need to survive.