On the recordApril 11, 2018
I would like to commend the bipartisan work of my colleagues and friends, Representative Ross and Representative Delaney. They have done a great job on this. Their bipartisan approach enhances the ability of FSOC to mitigate risk, a very important element, but it also ensures that affected nonbank--again, nonbank--financial institutions are afforded the opportunity and the ability to question and engage--not veto, but to question and engage--the FSOC prior to a final SIFI designation being made. This is good work that gives hardworking taxpayers a solution, and this is what they expect: commonsense, bipartisan solutions. I encourage all of my colleagues to vote ``yes'' on this important bill.
