Political Quotes

“I also want to thank Chairman Hensarling for all of his work moving this important regulatory reform through. I speak today in support of H.R. 4296, to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency. This bill is one of many that are being reported by the Financial Services Committee with bipartisan support. I want to commend Congressman Luetkemeyer and Congressman Meeks for working together to get a very strong vote from the Financial Services Committee. I hope that is something we can accomplish today on the House floor. This legislation acknowledges that we can make improvements to the regulatory framework that has been implemented or is still pending in response to the financial crisis. My constituents and I are very pleased to see the economic growth over the last year, but that does not mean we shouldn't take additional steps to ensure that we have an efficient regulatory system. For example, the Fed is likely going to continue tightening rates, and I am not sure Congress will always be able to provide the progrowth fiscal policy that we have seen as of late. One of our other tools for affecting the performance of the economy is a progrowth but sensible regime that permits for investment, job creation, and financial security. H.R. 4296 will ensure our banking regulators institute operational risk capital standards that make sense for the U.S. financial system.…”