Mr. President, I am very pleased to see that the conference committee on the Dodd-Frank Wall Street Reform and Consumer Protection Act retained my amendment regarding the preemption standard for State consumer financial laws with only minor modifications. I very much appreciate the effort of Chairman Dodd in fighting to retain the amendment in conference.
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I usually default to the golden rule, and I think in this case it's a pretty good guide as well.
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But my hope is, on a serious note, my hope is that the issues we just discussed... we can keep at it today and see if we can't find a way to yes that is reasonable and acceptable to all of us.
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