On the recordFebruary 4, 2015
I just want to be clear. Many things concern me about this legislation. We need to be very careful about this. We have a situation here where this is clearly an effort to give Big Business an advantage. All the speakers on our side have talked to that. We can go around saying we don't need regulations, but regulations are very, very important. This President has done a lot with regard to addressing the issue of regulations. There is something else that is happening here that really bothers me. There was a tremendous effort by the other side when we were trying to get the consumer financial protection bill passed. After seeing our constituents abused over and over again, we bring about an agency that would bring them some type of protection, and here, we are taking away money from an agency that already needs money, the very agency that is there to help our constituents. That concerns me. The other thing that concerns me is that we have an extra layer here. It makes it much more difficult now with regard to rulemaking, and then to have the courts have the ability to delay and basically take away rules is unprecedented. That is something that even Newt Gingrich didn't do. We need to look at what we are doing and bring a sense of balance, and the other side will say that balance is brought about because private industry is given an opportunity to be involved in the process.…





