Political Quotes

“I rise again to speak on the amendment that is pending that I had offered last week, No. 3883, which I have introduced with my good friend and colleague, Senator Pryor. Our amendment would ensure fairness and regulatory transparency for small business in the financial regulatory reform measure that we are now considering. This bipartisan amendment was also cosponsored by my colleagues, Senator Graham, Senator Menendez, Senator Franken, Senator Bond, Senator Burris and Senator Thune. Our amendment would ensure that this newly created bureau in the bill, the Consumer Financial Protection Bureau, would, before it promulgates proposed rules, fully consider the economic effect that those rules and regulations would impose on our Nation's approximately 30 million small businesses that create 64 percent of all of the net new jobs in America. That certainly has been the case over the last 15 years, and they are the ones that we are depending on to lead us out of this jobless recovery. Our amendment would designate the Consumer Financial Protection Bureau as a 'covered agency' under the Regulatory Flexibility Act--so that small business review panels would apply to the Bureau's rulemaking process.”