Spencer Bachus: “Ensuring adequate protection exists for all retail investors is a top priority.”

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…

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

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.

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