Political Quotes

“Let me start by saying the spirit of this bill is noble. Finding ways to ensure that all Americans, no matter of race, creed, color, or ZIP Code, have access to affordable credit is a noble pursuit. It is a top priority of the House Financial Services Committee. In fact, Madam Speaker, it is a personal priority. I have introduced H.R. 4231 that has bipartisan and bicameral support. It facilitates the use of additional data from rental, utility, and telecom payments to help more Americans repair and build their credit score. Thousands more would qualify and have better access to credit. The reality is that, while this is an issue that faces all Americans, it is communities of color that overwhelmingly face the greatest obstacles when it comes to obtaining access to affordable credit. Legislating is difficult. It requires good faith negotiation, compromise, and a willingness to take a small degree of political risk that occasionally makes our political lives a little more complicated. Messaging, Madam Speaker, on the other hand, is easy. It only requires the inherent power of the majority. There was a bipartisan path that could have been taken, but today, House Democrats chose to detour down the messaging-only path. With a vote today, the majority is, sadly, seeking to socialize credit, consumer credit ratings, and credit risk. This will jeopardize access to credit for millions of low-income and moderate-income families.…”