Political Quotes

“Thank you, Chairman Hensarling. Like many of my colleagues here, I am confident the House will pass H.R. 634 today and present this deserving bill to the Senate--again. After years of inaction bordering on dereliction, it's time for the Senate Banking Committee to act on Title VII before potentially irreparable and self-inflicting harm is done to our economy. {time} 1300 Unaddressed, end user margin requirements could lock up billions of dollars that would otherwise be put to productive use, dollars that could go to hiring new employees. This bill, the Business Risk Mitigation and Price Stabilization Act of 2013, is a jobs bill. Without this bill, company treasurers complying with new margin requirements will have to pull money from somewhere, choking off funding for other business operations. And these businesses, by definition, are those that only use these tools to avoid risk, not for speculation. These businesses do not pose systemic risk; they didn't contribute to the crisis of 2008. Yet going against what Congress intended, regulators are roping them in. I hope this bill passes with a large majority so it cannot be ignored by the Senate and President. The SPEAKER pro tempore. The time of the gentleman has expired.”