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.
Again, Mr. Chairman, thank you for having this hearing. I think this is one of many hearings we are going to have on how the whole Federal involvement, whatever limited involvement or whatever it might be relative to insurance regulation…
Mr. Speaker, I thank the gentlewoman for yielding. Look, this bill is not going to create jobs in America. This bill is all about foreign swaps. If we're going to create jobs, we're going to create them in foreign countries. By the way…
What this bill says is if you do this activity in the United States of America, you'll be subject to certain regulations. If you do the exact same activity through a subsidiary in a foreign country, you will not be subject to our…
It seems ridiculous that you can't get in the room and participate in the discussion.
There is no one person or no one entity as far as I am concerned that I want to give every ounce of power to.
I think that seems to be the right way to go, to have the open discussion in a debate.
we should never give up our regulatory scheme to any other country, which, by the way, we just did yesterday on the Floor of the House.
Thank you, Mr. Chairman. I want to thank all the panel members. I think this may be the most distinguished panel I have ever seen.
I absolutely agree that we need to do something with Fannie and Freddie, first of which is we should stop using them as a piggybank and allow them to pay down their debt.
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