Spencer Bachus: “The Volcker Rule is the law of the land. It actually is not the law of the land.”

If you are imposing costs on the system, you should have to internalize them.

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…

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.

The intent of Operation Choke Point may have carried a purpose that we would all agree with, and that is to prevent financial fraud.