Spencer Bachus: “I felt like universal, unilateral adoption of the Volcker Rule by the United States will only undermine our competitive…”

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…

However, my continued concern is that the program threatens to dry up legitimate sources of credit and financing.