Austin Scott: “First, let me extend my deep appreciation and thanks to our distinguished chairman, Chairman Oxley of Ohio. As many of…”

“First, let me extend my deep appreciation and thanks to our distinguished chairman, Chairman Oxley of Ohio. As many of us know, Chairman Oxley will be leaving us and I want to take this opportunity to recognize what an outstanding chairman you have been to our Committee on Financial Services. It has been a pleasure serving with you, and you have been an outstanding chairman. It is also a pleasure to stand here as I represent our ranking member, the gentleman from Massachusetts (Mr. Frank), who has provided outstanding leadership on our Financial Services Committee, and has led the way for this to be a strong bipartisan effort, to Mr. Davis of Kentucky. Certainly it is a pleasure to work with you on this measure. I think this is a very important bill because of the timeliness of it, especially with so many of our military men and women in harm's way overseas, especially in Iraq and Afghanistan, that we put forward a measure designed to help protect their financial security. Senate 418, the Military Personnel Financial Services Protection Act, the measure before us today, will address some serious problems of predatory lending and financial abuse targeted at our military men and women.”