Political Quotes

On the recordApril 25, 2012
Madam Speaker, I rise today in support of H.R. 3336, the Small Business Credit Availability Act. This bipartisan measure received unanimous support in the House Committee on Agriculture and ensures, as the previous speakers have indicated, that small financial entities such as community banks, farm credit system institutions, and credit unions will not be burdened with costly regulations resulting from the reform of our financial system. That was never Congress' intent. I appreciate very much the work of Chairman Lucas and Ranking Member Peterson and their staffs, as well as the bill's sponsor, Representative Hartzler, to reach an agreement with not only myself, but my colleagues, Congressmen Baca and Cardoza, who are also on the committee, as well as the California delegation on the underlying text of this bill. Without your support, obviously we could not address this issue pertaining to California. While we work to maintain the viability of small businesses recognized in H.R. 3336, we also must look for ways to avoid unintended consequences resulting from the implementation of the Dodd-Frank Act on other entities, in this case, such as utilities. {time} 1410 It's always the difficult challenge we have in Congress, the law of unintended consequences, that we must respond to.…
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Jim Costa
Democratic · California

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