Political Quotes

Barney Frank: “Attorneys General have been concerned about their ability to prosecute and defend against certain abuses. Thanks to the…”

On the recordNovember 15, 2007
Attorneys General have been concerned about their ability to prosecute and defend against certain abuses. Thanks to the gentleman from North Carolina (Mr. Watt), the effective date of this bill and all of its provisions will be the date of enactment. What that means is that any transaction that occurred before the bill becomes law, any loan that was made, will not be subject to the preemption. So we do want to reassure any law enforcement official out there that their rights to go against people who have been abusive will in no way, up until new loans are made, be in any way diminished.
Said by
Barney Frank
Democratic · Massachusetts
Source
govinfo.gov

Editor's note · Context

Discussing the implications of a bill on law enforcement's ability to address abuses.

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