James A. Leach

first let me just stress section 191 of this bill repeals the Know Your Customer regulation. Secondly, the committee would be happy to deal with further modifications in this area. But thirdly, it has to be understood by everybody here…

We have carefully reviewed this amendment with the Federal Reserve Board of the United States. It is my understanding that they have no objection to the amendment, that it is a very thoughtful and reasonable approach to dealing with a…

Madam Chairman, let me just first thank all associated with this process. My colleagues have had varied perspectives, and this is a very controversial bill. The staff has been extraordinarily professional. I personally believe that the…

I am rising in support of this resolution, although I do it with great reluctance, because it is always difficult not to give the benefit of the doubt to the executive in foreign policy. But 7 weeks ago, I voted against authorizing U.S…

I support this change in law. It is individually counterintuitive and socially counterproductive that lenders establish incentives to pull credit from individuals who pay their debt on time. This price fixing provision would have…

the only basis for canceling the card is if the card would not be in use for better than a 3-month period. That is a fairly common sense circumstance. So a financial institution does not have to carry the cost of dealing with people who do…

Mr. Speaker, the principal beneficiaries of the Depository Institution Regulatory Streamlining Act are the Nation's small businesses and their customers. The bill, so ably put together by the Subcommittee on Financial Institutions and…

S. 2561, the Consumer Reporting Employment Clarification Act of 1998 amends the Fair Crediting Reporting Act FCRA to revise certain changes that were made to the act last Congress. Some of these changes had inadvertent consequences on the…

I would like to underscore, as the gentleman from Massachusetts (Mr. Kennedy), the gentleman from New York (Mr. LaFalce), and most of all, the gentleman from New York (Mr. Lazio) have, that included in this appropriations bill is the…

H.R. 1756, the Money Laundering and Financial Crimes Strategy Act of 1998, directs the Secretary of the Treasury to create a national strategy for combatting money laundering and other financial crimes by coordinating Federal, State and…

The Money Laundering Deterrence Act of 1998 is intended to strengthen the hand of Federal law enforcement in detecting and prosecuting financial crimes, and to encourage greater reporting of suspicious monetary transactions by financial…

I rise in support of the Kolbe amendment and in opposition to the Hefley amendment to follow. Mr. Chairman, I would like to speak principally to the reasons behind the amendment being offered today by the gentleman from Arizona (Mr…

The definition of a single common bond credit union does not preclude subgroups, but all such subgroups must have the same common bond of occupation or association.

I would simply respond to a previous intervention. Let me just say the CBO has estimated a revenue loss of $143 million for this bill, but it is important to note that there will be a $510 million increase in revenues to the credit union…

Before the House today is the Senate amendment to H.R. 1151, the Credit Union Membership Access Act. If the House concurs in the Senate amendment, a step I strongly encourage, this important legislation will be cleared for the President…

for the next generation and perhaps century the most important bilateral relationship in the world is likely to be the one between China and the United States. In this context, the Congress would be well-advised to extend normal trade…

it is odd to be in an argument about an issue which we both support. But I would simply say it took a burden off the American people and that was a very appropriate thing to do.

If I could proceed on my own time, let me point out that in a broad macroeconomic way, this Congress, in less than 3 rac{1}{2} years, has moved from a fiscal deficit to a fiscal surplus, something absolutely disbelieved by the American…

this, I believe, is a non-controversial bill. It underscores principles critical to the American family--the desirability of achieving the dream of home ownership for as many Americans as conceivably possible. On this front, there is some…

I would be delighted to respond to the gentleman. As the gentleman knows, there is a lot of controversy within the country and some differences of judgment within the party on the flat tax, but it is my belief that the majority of…

Mr. Chairman, let me stress at this point that I think, while awkward, this is particularly appropriate to add this bill to this bill. Let me thank the distinguished gentleman from New York, who has led the housing movement in the House so…

One aspect of this relates to an old-fashioned word used in the 19th century, not much in the 20th, and that is the word ``oligarchy.'' As systems of governance become based upon a few influencing the many, they are called oligarchies and…

few issues are more difficult for a legislative body to deal with than those that affect religion. At issue today is the question of whether the First Amendment to the Constitution should, in effect, be modified. The approach brought…

Campaign reform is the most pressing democratic issue facing the Nation. In politics as in sports, how the game is played matters. A government of the people, by the people, and for the people cannot be a government where influence is…

I also believe that what the gentleman is doing makes sense. I would only also stress what an enormous contribution he has made to the committee this year. I think this is a worthy amendment.