Political Quotes

“Of course, I rise in favor of S.J. Res. 32, a joint resolution to disapprove this dumb idea from the CFPB. I am proud to stand with our chairman of the Small Business Committee who is a humble small business man from Texas. I know the ranking member of the full committee knows that Mr. Williams, being a humble small business person, knows how to borrow money, knows how to be turned down for a loan, have a loan accepted, and he knows that banks tell him and explain that to him. I am proud to stand here. I think it is so interesting that I have heard from the opposition today, Madam Speaker, well, this is a voluntary thing. Well, if it is voluntary, then you should vote for this resolution because it is obviously unnecessary because it is voluntary. Mr. Meuser makes a very good point, because he says that a sign that a bank has constant small business lending where they don't report because every customer for that bank voluntarily said they don't want to provide that data, it will be a sign of noncompliance. The bank will be out of compliance. They will be in trouble. They will have an exam. They will fail that exam. This rule, Madam Speaker, is not the right approach. {time} 0945 I have spent 30 years of my 40-year career lending money to small businesses, raising equity capital for small businesses. We want every loan we can make and the bank made. We are in the business to make loans. We are not in the business to turn down loans.…”