Thank you, Mr. President. Let me join my friend Senator Crapo in congratulating the leadership on both the Republican and Democratic side and the leadership on the banking committee for bringing this bill before us this morning. It is, unfortunately, all too rare when we can bring a piece of legislation to the floor that has been worked on by both sides of the aisle and has broad agreement on both sides of the aisle. Of course, as the Senator from Idaho knows, there is nothing partisan about the effects of not reauthorizing TRIA. This is going to affect every part of the country. Republicans and Democrats, people of liberal and conservative persuasions, will ultimately be paying a lot more and losing a lot more because of our failure to get this bill done. So let me again thank Senator Crapo and Senator Johnson for all the work they have done. I was one of the original cointroducers of this bill, along with Senator Schumer and Senator Reid, as well as Senators Menendez, Warner, Kirk, Heller, Johanns, and Blunt. Ultimately, we were educated by what happened in the weeks and months following September 11. In that period of time, the real estate market in large parts of this country--certainly in my part of the country surrounding New York City--collapsed.…
On the recordJuly 17, 2014
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