Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, we need due process in this particular bill. I believe that this bill is incomplete. We do have to protect the honest small businesses in this country. As a matter of fact, I heard just yesterday, from over 100 small businesses, and they have real serious concerns, legitimate concerns about this particular bill. This bill is not ready for prime time at this particular time. As I said, it is incomplete. Mr. Speaker, we must go after the bad actors. There must be restitution for our victims--there is no question--but it has to be fair, with a fair and reasonable legal standard. Mr. Speaker, on that particular note, with regard to the legal standard, former head of the FTC Consumer Protection Bureau and committee witness, Dr. Howard Beales stated that a reasonable person standard was an appropriate standard to include in any restitution or disgorgement legislation. He testified that this will ensure that the FTC focuses its efforts on bad actors, not honest small business people, but bad actors when using its limited resources to bring these claims. Mr. Speaker, I yield the balance of my time to the gentleman from Illinois (Mr. Rodney Davis).”