The bank is an example of the fact that the elites of this country believe in democracy for every country in the world except ours.
Mike Capuano
The Public Record
Mike Capuano is a former U.S. Representative from Massachusetts, serving from 1999 to 2019. A member of the Democratic Party, he represented Massachusetts's 8th congressional district. During his tenure, Capuano was known for his advocacy on issues such as healthcare, education, and civil rights. He served on several committees, including the Transportation and Infrastructure Committee, where he focused on infrastructure development and public transportation improvements in his district.
I think you have an obligation to take a look at it, since between September and now, especially when it impacts millions upon millions of women and African-Americans and Hispanics.
The litany of people in this current Administration and their beliefs really proves beyond a shadow of a doubt, in case anybody wonders, that elections have consequences.
It is surprising in this day and age that we can have a whole group, several classes of people, being intentionally or even unintentionally paid less, and yet this Government refuses to do anything about it.
Yet another option, tolling. Let's deal with that one and see where the American people stand on tolling.
It seems to me that today's subcommittee hearing shows that we are well past the point of glossing over the problem and, again, saying the taboo words 'all options are on the table.'
I do believe that anyone who heard Secretary Chao's testimony yesterday will agree that they did not hear any real plan for investments in infrastructure, but I am encouraged by what appears to be the President's openness to higher gas…
Fixing the Highway Trust Fund for the future and modernizing how we fund infrastructure in this country must be part of the solution.
I have been working with and plan to work with Ranking Member DeFazio and my Democratic colleagues to develop a plan that does attract bipartisan support.
I think it is important for us all to understand that we are talking about something that has a huge benefit to those of us that live in rural populations and, again, benefits the urban centers so they can get across those rural areas.
An infrastructure plan must be a bipartisan plan if it is going to pass Congress.
Don't you think it is a fair thing to ask how they pay their women, how they pay their African Americans, how they pay their Hispanics, if it is based on fairness or if it is based on some degree of discrimination?
I would ask, is the Fed interested in all, would you be interested in pursuing something--you oversee 7,000 entities, some of them large, some of them small, most of them pretty large.
But as we talked about earlier, some degree of equitable distribution of the benefits of a good economy is your job.
The reason you are not familiar with it is because the Trump Administration stopped it.
I personally think that a lot of the good we are seeing today is the result of the actions we took several years ago to stabilize, secure, and improve the economy and is now working its way through the system.
A good economy for three people doesn't help for the 300 and some odd million people that live here.
I am hoping and wondering--have you spoken to either your attorneys or your insurers as to what will happen come January of next year if you have done what you are supposed to do on your track, and somebody else wants to run a train that…
Mr. Chairman, I did, but you just expressed them all perfectly, and I would simply associate myself with every word you just said.
If I were advising you as an attorney, I would say you are nuts to stick your neck out on the line when you have done the right thing and somebody else hasn't.
Any additional changes to Dodd-Frank's derivatives rules needs to satisfy, in my opinion, a high burden of proof for me to support rolling back rules on the derivatives market just because they are inconvenient for some institutions.





