Randy Hultgren: “I am not pleased, and my consumers are not pleased, my banks are not pleased, because they have seen breach after breach…”

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

However, the Fed has implemented some controversial policies that I am concerned may have some unintended consequences that, in fact, could increase systemic risk.

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.