James A. Leach: “I will tell the gentleman, this is an extremely important inquiry. The intent of the legislation is to cover individual…”

I thank Mr. Faleomavaega for his wondrous comity on this and so many issues, and I yield back the balance of my time. The SPEAKER pro tempore (Mr. Culberson). The question is on the motion offered by the gentleman from Iowa (Mr. Leach)…

The gentleman is, of course, correct in part of what he says on regulation. But the reason that ILCs were exempted from the Bank Holding Company Act was they did not have all the powers of a bank. Now they are being given all the powers of…

The FDIC will regulate the depository institution but it cannot regulate the holding company. And what the Federal Reserve would do is regulate the holding company and would leave the FDIC as the primary regulator of the institution as it…

I think by perspective we should understand that there is no possibility all Americans can agree all the time or appreciate equally all aspects of the American arts. But what we all can do is respect honesty and quality and first amendment…