Political Quotes

“Mr. Chair, it doesn't bring me pleasure to claim the time in opposition to my good friend from Missouri, and he knows how much I appreciate the work he has done on this matter. The amendment is certainly, Mr. Chair, well intentioned, but as currently drafted, I would argue that this language does more harm to consumers than good. Let me step back and say that, unrelated to Mr. Clay's amendment, I introduced H.R. 4231, the Credit Access and Inclusion Act, which expands consumers' access to credit by allowing them to use their rent, utility, and telecom payments to help build their credit scores. In other words, it would help more people have access to credit with those additional facts. As my friend noted, and as we have heard in our Task Force on Financial Technology and in the Financial Services Committee's Consumer Protection and Financial Institutions Subcommittee, additional data allows millions more to have access to the credit they need. This bill, the Credit Access and Inclusion Act, was introduced in the 114th Congress and the 115th Congress by my friend, former Representative Keith Ellison of Minnesota. I joined in the last Congress with him and cosponsored it, and in the 116th, I have introduced it. So I find it interesting that in the last two Congresses, my bill was the appropriate way to handle additional data, but in this Congress, it is not. Mr.…”