Randy Hultgren: “Such a result would be bad for the State of Illinois and devastating for the communities in which they operate.”

Rules and regulations are driving financial institutions to merge, exit entire lines of businesses.

I want to thank this bill's sponsors, Rep. Randy Hultgren and Rep. Bill Foster, for their long-standing support of basic research.

It is my honor and privilege to yield 5 minutes to the gentleman from Texas (Mr. Smith), the very effective and helpful chairman of the Science, Space, and Technology Committee, and also cosponsor of this legislation.

I know we are in agreement on the need to prevent bailouts of our Nation's financial institutions from ever happening again.