Political Quotes

“Before us we have a rule that makes in order an important change to the banking laws. We have seen what happens when arduous regulations are removed from the backs of Americans. Our economy is booming, growth is strong, even stronger than many expected it would be at this point. The Volcker rule, passed under Dodd-Frank, is a solution in search of a problem. Our community banks should not have to bear the weight of this overarching regulation. Our small town and rural lenders are active members of our communities. They participate in improving our lives in many ways, even beyond lending. They sponsor little league teams. They are boosters for the local high school. They counsel small businessmen and women. They contribute to our churches and charitable organizations. They offer help to needy neighbors. We should actively seek policies that free them to do their jobs. That is what the underlying bill does. It exempts them from a regulation that has frozen in place their ability to invest in local startups and farming operations. We should exempt them from this burdensome regulation. I hope this House will follow in the steps of the Financial Services Committee and approve this bill in an overwhelming bipartisan fashion. I urge support of the rule and the underlying legislation. The material previously referred to by Mr. McGovern is as follows: An Amendment to H. Res. 811 Offered by Mr.…”