On the recordJuly 14, 2014
My amendment is a simple effort to ensure the Consumer Financial Protection Bureau remains an effective advocate for American consumers. It is an attempt to correct just one of many bad provisions in this legislation, which underfunds our Wall Street regulators, impedes our ability to identify systemic risk across the United States, and harms the ability of regulators to properly protect our Nation's investors and retirees. Mr. Chairman, I am saddened to be back here fighting to preserve the CFPB. I am disappointed that my colleagues on the other side of the aisle have aligned themselves with predatory lenders and other bad actors in the financial system at the expense of protecting consumers. It is shameful that, once again, this House is forced to spend precious time and resources tearing down this first-of-its-kind agency which ensures that consumers have an advocate at the highest levels of government--with the power to fight for them. So I would urge the adoption of this amendment, and I reserve the balance of my time. Point of Order
