On the recordApril 9, 2025
I have no further speakers, and I yield myself the balance of my time for the purpose of closing. Mr. Speaker, when did it become unpopular to put more hands in the pockets of working families? This resolution will cost American families $5 billion a year or about $250 per household in higher overdraft fees. No one in America wants to send a $250 check to the biggest banks every year. To put this debate into perspective, Republicans spent a lot of time last Congress attacking a big bank capital rule called Basel III endgame. Republicans convened one dozen hearings on the topic and repeatedly referred to the 426 comments the public made on the proposal. Mr. Speaker, do you know how many comments the CFPB received on the overdraft rule? They received more than 48,000 complaints, most of which strongly supported the rule which is more than 100 times the number of comments on the capital rule. Consumers are just fed up with these types of junk fees, and the last thing they want is for Congress to raise them. Mr. Speaker, I urge all Members to join Senate bipartisan opposition to this resolution and vote ``no.'' Stand up for our constituents. Stand up for the people who depend on us every day to make sure they too can have a decent quality of life. We are watching what Trump and Musk are doing, aligned with the billionaires who want more and more money and don't want to pay their taxes, and we are here fighting about $5. Give me a break. I guess enough has been said.…
