Spencer Bachus: “Thank goodness that today we have a modern financial bill that is before us to vote that will save the American people…”

“Thank goodness that today we have a modern financial bill that is before us to vote that will save the American people $15 billion a year, that will increase privacy protections. You can tell your bank, ``No, I would rather not have that information released.'' Finally, these two things: It will increase our competitive ability against the world and the global market, our financial firms, it will increase convenience for Americans, and it will increase competition, lowering the cost of insurance, mortgages and all financial services. I urge the Members to vote ``yes'' on final passage and get us out of the biplane, steam engine age.”