That is correct. But secondly, if you do not have concern for competitive equity, you put the taxpayer at greater risk because you will have weaker standards. You also drive a system that we will be putting all assets of a given kind of industry within a governmentally privileged institution. That is what the trends are. So this is both a taxpayer protection and free market protection. {time} 1430
Share
More from James A. 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…
Let me respond directly to that. The horse racing provisions in this bill reflect the Interstate Horse Racing Act. To the degree that there is any change, it is a slight upgrading restriction in horse racing, because the new definitional…
I move adoption of the resolution, and I yield back the balance of my time. The SPEAKER pro tempore (Mr. Campbell of California). The question is on the motion offered by the gentleman from Iowa (Mr. Leach) that the House suspend the rules…
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…
Other voices in this conversation
