Political Quotes

“Let me thank Mr. Clay for his work on this. Requiring an opt-in and excluding data that would not allow lenders to get the full picture of a consumer's financial health, in my view, makes it more difficult for consumers to access credit because practically no rental, utility, or telecommunication companies would actually furnish the Expanded Access program. Therein lies the conundrum here. Therein lies the challenge with Mr. Clay's approach compared to my approach. But it doesn't stop me from thanking my friend for his work on this. I know it is an area that we share an interest in. I know that this area is keenly important to him. However, this amendment, as it is currently drafted, I cannot support it. I urge my colleagues to vote ``no.'' But I hope my colleague would be open to working together to finding a better solution that truly benefits consumers, expands additional data, and allows people to offer these products because it will qualify more credit-needy Americans for badly needed credit. I think in the case of Mr. Clay's approach, ``perfect is the enemy of the good.'' I think we ought to work within the system that we have and make it better. That is why I support my measure I have introduced in the House and oppose this amendment. Mr. Chair, I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Missouri (Mr. Clay).…”