At this time I would like to yield 1\1/2\ minutes to the subcommittee chair, Mrs. Capito from West Virginia, to speak in favor of the bill.
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More from Spencer Bachus
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…
The intent of Operation Choke Point may have carried a purpose that we would all agree with, and that is to prevent financial fraud.
My Democratic colleagues have said they want to wrap this up. So let me just simply say to you that this is having the effect of shutting down these companies, whether that was intended or not.
But in fact in 4 it says, documents sufficient to identify payment processors or merchants or clients that experienced a return rate of 3 percent or greater in any 1-month period.





