Political Quotes

“I move to reconsider the vote. Mr. McCAIN. I move to lay that motion on the table. The motion to lay on the table was agreed to. Amendment No. 3292 Senator Reed's amendment, amendment No. 3292, to the National Defense Authorization Act, seeks to further address the problem of predatory lenders taking advantage of members of our Armed Forces. Predatory lending practices are a serious problem for members of the Armed Services throughout the country, and I know it has impacted Vermonters serving in our Nation's military. This amendment further strengthens the Military Lending Act by extending enforcement authority to certain Federal Agencies. Senator Reed's amendment seeks to expand the universe of parties who can bring enforcement actions against predatory lenders, and therefore provide additional protections to the members of our Armed Services. Allowing additional Federal Agencies to bring enforcement actions helps ensure that fewer instances of predatory lending in the Armed Services community go unprosecuted. It is important to me, as it is to Senator Reed, that members of our Armed Services be free from harmful and deceptive lending practices. I am glad Senator Reed reached out to me on this amendment regarding the expansion of enforcement authority, and I thank him for his leadership on this issue.”