Political Quotes

“I want to thank my colleagues for getting these amendments pending. I would note that the amendment I called up is the one to exempt auto dealers from the consumer financial products commission created in this bill. These are auto loans already covered under the bill by whoever is doing the financing. If the auto dealers themselves are doing the financing, then they would be covered under the consumer financial products commission. What this amendment attempts to do is say, let's regulate auto loans, but let's regulate them by who is doing the loan, not just who is processing the paper. It would be my hope that we would get the broad bipartisan support of my colleagues. We do have bipartisan support for this amendment. I will look forward to a full debate on it tomorrow. But in the interest of time this evening I will not be talking further on it. I am happy to enter into a time agreement with the managers on this tomorrow to debate and get this amendment for a vote tomorrow. I yield the floor. The PRESIDING OFFICER. The Senator from Pennsylvania is recognized. Amendment No. 3776, as Modified, to Amendment No. 3739”