Spencer Bachus: “I think we all agree that as we go forward, we do need a more transparent institution with a more clearly defined role.”

Does that make what the President did constitutional if it is unconstitutional?

Again, I thank the chairmen, the ranking members, and their staff for putting this together. The resolution process for financial institutions is one of the pieces of unfinished business from the 2008 financial crisis, and we will finish…

In a perfect world, there will be no payday lenders.

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…