Trey Hollingsworth: “I appreciate the opportunity to lend my voice to an important piece of legislation. First, like others, I want to thank…”

“I appreciate the opportunity to lend my voice to an important piece of legislation. First, like others, I want to thank everybody who has worked very hard on this legislation. I know it is a matter of passion for many Members on both sides of the aisle in solving this problem for consumers. One thing I am constantly asked about in the district is: In a democracy, why does it seem that the bureaucracy is in charge? We keep coming back to this very same question with many pieces of legislation here in the House. I am excited that we are going to resolve some of that with this piece of legislation. As was talked about earlier, what has been going on is that someone can be excluded from the U.S. Federal banking system simply because they are in an industry that might not have the best reputation. They can be excluded from the Federal banking system. This is not something that we take lightly. It is something that is very serious that we talk about in terms of sanctioning North Korea, sanctioning Iran, and now we are excluding U.S. businesses simply because they may be operating in a certain industry instead of because of the activities that individual business or that individual is actually in. So this bill is really about looking, as my friend, Mr.…”