Political Quotes

“I thank the chairman and congratulate him on this constructive bill. This bill today is not about dangerous agendas, greed, signing bonuses, or wholesale exemptions of regulation for 27 big banks--not at all. This bill is about using common sense and taking off the autopilot that is in Dodd-Frank, which designates our SIFIs on size alone. In fact, it includes all the factors that should be considered for institutions that might present a systemic risk. This is a bipartisan bill that has support on both sides of the aisle. Former Chairman Frank's comments have been read into the Record, but how about Governor Dan Tarullo: ``Resolution planning and the quite elaborate requirements of our supervisory stress testing process do not seem to me to be necessary for banks between $50 billion and $100 billion in assets.'' Tom Curry, our comptroller of the currency: ``The better approach is to use an asset figure as a first screen and give discretion to the supervisors based on the risks in the business plan and operations.'' And Senator Sherrod Brown, certainly a supporter of Dodd-Frank: ``I do agree that some banks above $50 billion should not be regulated like Wall Street megabanks.'' I support this bill.”