I disagree with your basic premise that the primary goal of Dodd-Frank was too-big-to-fail.
Ed Perlmutter
The Public Record
Ed Perlmutter is a Democratic politician who served as a U.S. Representative for Colorado's 7th congressional district from 2007 until 2023. During his time in Congress, he focused on issues such as healthcare, renewable energy, and economic development. Perlmutter was known for his work on the House Financial Services Committee and his advocacy for small businesses and job creation in Colorado. He has been an active voice in promoting policies aimed at improving the lives of his constituents and addressing pressing national issues.
Since Dodd-Frank, the stock market has increased 10,500 points, 10 million jobs have been gained, and housing prices have rebounded.
Somebody mentioned the incredible cost of Dodd-Frank to the system, but I just want to start with, before Dodd-Frank, summer of 2008 to January, February 2009, the stock market lost 6,000 points at $1.3 billion per point, $7.8 trillion.
To my friend from Florida, I agree, except that the world has moved, and businesses that are legal in these vast array of States should be able to operate in a businesslike fashion. They should be able to have checking accounts and credit…
Yes, I do. The Acting CHAIR. The gentleman from Colorado is recognized on the point of order.
I would like to see that those particular businesses that are legal in their States can continue to do business in a way that they aren't shut off from the banking system.
Mr. Luetkemeyer's bill I think is generally on the right track but goes too far, especially on the liability component of it.
Since the President took over, since Dodd-Frank was passed, the stock market is up 10,000 points at about $1.3 billion per point. My math takes that to $13 trillion.
I am glad that the Consumer Financial Protection Bureau, despite the challenges it has had as it gets started, is here and protecting American consumers.
I--along with Senator Michael Bennet and Rep. Ed Perlmutter--wrote to VA Secretary Shinseki in March of this year urging VA to allow USACE to conduct a Design-Construction Evaluation, or DCE on the Aurora project.
The time has come to focus our efforts on ensuring the completion of this hospital. Our veterans deserve nothing less and the people of Colorado and our nation expect it.
The original design called for an approximately $1.1 billion state-of-the-art medical center, but Congress authorized and appropriated $800 million for acquisition of approximately 40 acres of land and several buildings, as well as design…
This hospital has been one of my top priorities for seven years, for six of those the project was in my congressional district, only to be removed in the redistricting process.
We will not ask our veterans to wait any longer than absolutely necessary for this hospital.
Again, I thank Chairman Coffman and Ranking Member Kirkpatrick for their attention to this important issue.
The mismanagement is killing these projects, and nobody seems to be held accountable.
Just give us a vote. Just give us a vote on comprehensive immigration reform. The United States Senate passed a bill almost a year ago, in a bipartisan fashion, on comprehensive immigration reform. Americans want comprehensive immigration…
We have seen politicians in the past abuse it, and at the top of the list would be Richard Nixon.
But we can't have the same kinds of losses that we suffered in 2008. At least not in my lifetime, I don't want to see them again.
I did an amendment, too, that was--and I would offer it into the record, too, the amendment that did pass, which was two pages long.
So, look, we know why folks want to kill the Volcker Rule, but, in all honesty, I think it is a good step.
The Volcker Rule will ensure Federal dollars are no longer used to protect losses from risky trading.





