The Public Record
Barney Frank is a former U.S. Representative from Massachusetts, serving from 1981 to 2013. A member of the Democratic Party, he was known for his progressive stance on various issues, including financial regulation and LGBT rights. Frank played a significant role in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aimed to prevent the kind of financial crisis that occurred in 2008. He was also one of the first openly gay members of Congress, advocating for LGBTQ+ rights throughout his career.
No, excuse me. That is what the amendment says. The amendment says you can't have what they call catch shares. If it passes, you will go back to the underlying Magnuson-Stevens Act, which did come out of committee. Do you know who amended…
Will the gentleman yield to me to help support his amendment? I am in support of the gentleman's amendment. Will the gentleman yield to me?
The biggest power the Federal Reserve had to intervene freely with Section 13.
I think that if you said that--now, there is an alternative in terms of the regional presidents, which would have them Senate-confirmed, I think that might be worse.
The Federal Reserve cannot do a great deal more. I think they have been very helpful.
The regional Federal bank presidents are picked by bankers. It is an extraordinary power that the FOMC has, and I think everyone agrees.
I think that has reflected well on what they have done and again, suggestions that there was something untoward going on haven't been proven true.
The Republicans have been in power since January 2011 and have done zero on Fannie and Freddie.
The constitutionality of my provision is what it says in the Constitution, that important government officers should be appointed by the President, subject to confirmation by the Senate.
Politicians like Barney Frank
