Political Quotes

“I thank Chairman Hensarling for his work on this and some of the other things. When you look at the number of bipartisan bills that have passed out of the Financial Services Committee this session, it is really impressive, and I am grateful for his work. I also want to thank Dennis Ross and John Delaney and all my colleagues who have worked so diligently on H.R. 4061, the Financial Stability Oversight Council Improvement Act of 2017, which I strongly support. I think it is fair to say that a Financial Stability Oversight Council chaired by Secretary Mnuchin is not extremely likely to subject nonbanks to enhanced prudential supervision. In fact, I understand they are considering removing some designations. However, Congress still should take the appropriate steps to make the law that provides this authority to the Treasury much more practical. Furthermore, I would like to point out that although I was happy to see many great provisions of the regulatory relief package put together by Chairman Crapo over in the Senate, including a number of bills I have offered with my colleagues in the House, I was extremely disappointed with the fact that the legislation didn't include this legislation or something similar to it.…”