Political Quotes

“I was told by everybody that certain California laws after 1996 were protected. Now I find that they have been preempted. And I really do not think it is fair that I find myself here on the floor today having the laws of my State preempted and a manager's amendment that does not attempt to correct it. I have always maintained that the Federal standard should be the floor. If any State would like to protect its consumers more, who is the Federal Government to tell them they cannot do it? That is wrong. I do not buy the argument that it is inconvenient for some bank or financial institution to have to deal with California, because California has better consumer laws, and they would just rather be able to deal with them the same way that they deal with everybody else. I do not think it is fair, and I do not think we should use the powers of our government to do that.”