We have had a need to respond, and I have listened to this discussion, and nowhere in this discussion have we considered the plight of the American people, the struggling homeowner.

But I want to--what I am after is, will not this cause havoc to the--I am not worried about the rich folks.

We know that the Securities and Exchange Commission has a three-part mission to protect investors, maintain fair order and efficient markets, but also a part of their mission is to facilitate capital formation.

This is a very important hearing as we discuss ways in which we can reduce barriers, and what is important is that we identify those barriers that we as policymakers can truly do something about.

I think it is very important that small business companies have great potential for technological motivation and job creation, that we truly examine and find out from our distinguished panel what precise things they feel we can do.

I urge my colleagues on the other side to not use this in scoring political points for one side or the other, but let's score some points for the American people.

This is a very timely hearing. The Nation's attention is riveted on this whole issue of monitoring and surveillance.

I think, to Chairwoman Capito's concerns--which are legitimate, and I am glad that she and a couple of my colleagues brought it up--about this personal identification of information, let me make clear that at the very beginning, in…

I would say, of all that we have done in this lawsuit reform, the primary role of the CFPB is as the enforcer.

If you limit that capacity of the CFPB, it is sort of like cutting the legs out from under them and then condemning them for being a cripple.

I think it is very important for us to follow up on Mr. McHenry's line of questioning, because I really believe he is getting to the heart of the matter.

Let me just remind everyone why we have the CFPB. The CFPB was put in the Dodd-Frank Act to protect consumers.

Information makes them powerful; it helps with the problems.

This is vital information. This is an important bill.

Let me assure you, Mr. Calhoun, we desperately need H.R. 1077.

There is a reason why we have the GSEs. We have to make sure that the private market is capable and willing to fill the void.

Yes, we have to make some moves. It is not as healthy as it should be to have 90 percent of the market with government-backed agencies.

This is, indeed, an important, important hearing.

These can include issues such as: say on pay--which is very important.

There are reasons why we have Dodd-Frank; and there are reasons why we have responded.

I think we need to get a good answer to that.

We must also recognize the possibility of, indeed, conflicts of interest.

We have a serious problem in this country and that problem is this wide gap between what those at the top are making and those in the middle are making in terms of income.

The Dodd-Frank Act is an extraordinarily important act to make sure that we never get into a financial crisis such as we had before.

This is not a Democratic or Republican issue; this is an American issue.