Why has FSOC undertaken a thoughtful analysis of one category of nonbank companies, but not another?

The power to recommend avoids the 'too-big-to-fail' stigma that some have associated with the designation of individual companies.

I don't think asset managers or insurance companies that just sell insurance as it's traditionally defined are systemically defined . . . Their failure isn't going to have that systemic reverbatory [sic] effect.

FSOC's power to recommend more stringent regulation of specific activities and practices has distinct public policy advantages over its power to designate individual companies.

In 2009, Barney Frank introduced the Consumer Financial Protection Agency Act, which created a five-person board at the CFPB.

Are we saying that America no longer wants to help the disabled, the elderly, and the children?

We will not acquiesce. We will not give our consent. We will fight.

I know what invidious discrimination is like. I have been to colored water fountains.

If we are truly serious about ending poverty and uplifting all communities, we must reinvest in HUD.

We cannot allow poor people to go without advocacy in the Congress of the United States of America.

I look forward to congratulating you, Mr. Chairman, on a fourth anniversary coming up.