I wouldn't accept such an amendment because it would be impossible to enforce the economics of what's involved, to the extent that an entity has pricing power, monopoly pricing power or duopoly that can pass along the costs. I would just note that the gentleman from New Jersey has an amendment that would have a far more significant negative impact on the profitability of these institutions than this bill.
Barney Frank: “I wouldn't accept such an amendment because it would be impossible to enforce the economics of what's involved, to the…”
On the recordMay 17, 2007
Source
govinfo.govEditor's note · Context
Discussing the implications of an amendment on the profitability of financial institutions.
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