On the recordMarch 27, 2012
I now yield myself such time as I may consume. Madam Speaker, I am thrilled to be participating in the management of this debate today and want to start by thanking Chairman Bachus and thanking my friends on the other side of the aisle for the bipartisan and collaborative spirit with which we moved this legislation. This is important legislation, but the process by which it moved, I think, is something that we should celebrate. This is a time, of course, when the American people are none too happy with us; but this bill was done collaboratively with the support of the President of the United States, the majority and the minority in the House; and it will be good for our economy. So I thank the chairman for his leadership on this, the ranking member, and all who participated in the creation of this important legislation. As the chairman said, this is good stuff. It has received the support of entrepreneurs, of industry associations, and of people on both sides of the aisle because it does something very, very important, which is acknowledge that regulation is always a balance. It's not always good; it's not always bad. And one of the duties of legislators and regulators is to make sure that our regulation is finely calibrated to protect us, to protect us from fraud, to protect us from mortgages that blow up, to keep our air clean, to keep our water clean.…





