Bill Huizenga: “Those five operational indicators are size, interconnectedness, complexity, cross-jurisdictional activity, and available…”

“Those five operational indicators are size, interconnectedness, complexity, cross-jurisdictional activity, and available substitutes. Therefore, what is happening is we are seeing fewer products and services available to bank customers because these banks are having to pour more additional resources that could go towards servicing those customers into a regulation that isn't doing anything to protect our economy. That ultimately needs to be our goal. Our goal here needs to make sure that we restore transparency by allowing regulators to review all of the circumstances surrounding that and not have a Washington, D.C.- driven one-size-fits-all approach. Mr. Speaker, I urge my colleagues to support this important bill.”