Political Quotes

“I would like to thank the gentleman from Colorado (Mr. Buck) for the time, and I appreciate consideration of the rule here today. Mr. Speaker, both of the bills being considered under this rule amount to real relief for our Nation's community banks and credit unions. H.R. 1116, the TAILOR Act, which passed out of committee with bipartisan support, will direct Federal financial regulators to tailor their regulations to the risk profile and business model of our institutions, meaning that regulation intended for the largest financial institutions will no longer burden the smallest of our institutions. Our community banks and credit unions have long suffered the consequences and costs of complying with extensive heavyhanded and onerous regulations. They were created after the 2008 financial crisis. While many of these regulations are necessary for financial institutions of all sizes, many are not. Complying with manifold regulations has significantly hampered the ability of our community institutions to offer credit to small businesses, help families get a mortgage, and extend loans to retirees and the recently employed.…”