Mike Bost: “$64,000 or jail time. That is not small change for a simple mistake or a misunderstanding.”

At this time, I yield such time as he may consume to the gentleman from Wisconsin (Mr. Van Orden), who is the chief sponsor of the bill.

The cost of inaction is way too high.

How many more residents need to be displaced? How many more people need to lose their lives before we say enough is enough?

So we have a banking crisis, and we have the Consumer Financial Protection Bureau ratcheting down lending standards, ratcheting down bank flexibility at a time when we can least afford it.