Barney Frank: “We are beyond that. Look, I do not think the Constitution, I will be honest with you, I think people decide and then…”

I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.

the single-biggest issue that we dealt with in Dodd-Frank.

I hope that the committee will.

We should have made it much higher, $125 billion or more, and we should have indexed it.