Political Quotes

Thank you. Mr. Chairman, I yield the balance of my time to the gentlewoman from Alabama (Ms. Sewell).

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…

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.

So this is to not create any kind of double taxation or deprive any particular state of the ability to collect income tax.