Unfortunately, during his State of the Union address on January 21, 2015, the President threatened to veto any legislation passed by Congress that he viewed as unraveling the new rules on Wall Street.
Hultgren highlights the President's veto threat against changes to Wall Street regulations.
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First, I would like to thank my friend, the ranking member, Maxine Waters, for her kind words. Mr. Speaker, I yield 5 minutes to the gentlewoman from Kansas (Ms. Jenkins), sponsor of the House companion legislation.
I know we are in agreement on the need to prevent bailouts of our Nation's financial institutions from ever happening again.
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.
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