Spencer Bachus: “They are. You are absolutely right. And I can tell you well aware.”

In this economy, the last thing we need is to make it harder for businesses to operate and employ workers, and by that I mean legitimate businesses.

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

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

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.