Political Quotes

“I thank the chairman for yielding. Mr. Chairman, we found some common ground. The ranking member was just talking about listening to Operation Choke Point. I think that is important for every American, because we are talking about freedom. We are talking about reining in an out-of-control bureaucracy. We are talking about actually preserving freedom in this country, to take it back for the American people and for businesses as well. I want to applaud Chairman Luetkemeyer for his leadership on this issue. It prevents Federal banking issues from pressuring banks and credit unions to terminate customer accounts with legal businesses. Although it is important to be able to prevent fraud in the banking system, Operation Choke Point has largely been abused by the agencies and their regulators, pressuring and manipulating financial institutions based on personal prejudices of Federal bureaucrats. In my district and many others across the U.S., legitimate businesses have found themselves shut out of the banking system after years of longstanding relationships with banks and credit unions. Oftentimes, this derisking means that these legal businesses are further shunned by other financial institutions fearful of civil and criminal liability as well as greater regulatory scrutiny. Thankfully, this legislation puts commonsense restraints on regulators that have been running amok.…”