Political Quotes

“I rise in strong support of the Interstate Banking Efficiency Act. Madam Speaker, I would like to commend the distinguished chairman of the subcommittee, Mr. Neal, and the distinguished ranking member, Mr. McCollum, for all their hard work on this legislation. I am pleased to join my colleagues on the House Banking Committee in support of H.R. 3841, the Interstate Banking Efficiency Act. This landmark legislation will lead to greater efficiency within the banking system while enabling customers to benefit from a wide variety of banking services at financial institutions across the country. When this legislation is fully enacted, residents of Alabama will be able to make a deposit at their bank in Florida or cash a check at their bank, hassle-free, in California. In our mobile society with citizens routinely travelling across our Nation, this type of service has become a necessity. As reported by the committee on March 9, H.R. 3841 will permit interstate banking after 1 year, consolidation of existing subsidiaries after 18 months, and full interstate branching by national and state-chartered institutions after 3 years. Additionally, I am pleased my legislative language relating to accommodation services arrangements was incorporated in the bill.”