On the recordJuly 22, 2015
If the chairman will yield, I have got a question for you--because I have had an experience in my time. This is my third term here in Congress, and I have had a little bit of an experience that was bothersome to me. I want to know if this matches your expectations as well. You talked about this qualified mortgage. I have a piece of legislation called the Mortgage Choice Act, where rules that were written under the Dodd-Frank Act in an attempt to protect people from being gouged, I believe is actually doing the opposite. In fact, it is not just me. It was a bipartisan group that got together and put this piece of legislation together that last Congress passed this House in this Chamber unanimously. For the American people watching out there, yes, things actually pass unanimously here. You are not going to hear about that in the news a whole lot, but we actually can work together. Now, there is one disturbing thing, though. It passed the House unanimously, went over to the Senate, and there was one particular Senator who put the brakes on it. Not to name any names, but she didn't want any changes to her baby, the Dodd-Frank Act. We had to reintroduce the bill. As the chairman wells knows, we got it into committee again. Suddenly, it went from being unanimous to being a divisive issue.…





