Barney Frank: “We know that, unfortunately, there's been a de facto amendment to the Constitution, so you need 60 votes to pass…”

I know people in my district who have gone to jail for writing bad checks for $1,000 and yet these people are still walking around.

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.

Critically I made sure that the United States reserve the right to maintain and enforce existing sanctions and even to deploy new sanctions to address those continuing concerns which we fully intend to do when circumstances warrant.

I want to respond to Ms. Waggoner who reads the bill--yes, you read the bill; you don't read every other line.