Let me tell you what our motivation is. And I think I speak for most Members. My grandfather was a railroad engineer, and that was part of his identity. That is what he did. My dad was a contractor. My other grandfather was a farmer. That is really our concern. It is about jobs. And the jobs just aren't there today.
Bachus emphasizes the importance of jobs and the motivation behind legislative efforts.
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The program also can deny legitimate merchants access to financial networks they need to survive.
If you are imposing costs on the system, you should have to internalize them.
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…
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