Political Quotes

“The economic downturn in 2008 caused Michiganders and citizens around the country to lose their jobs, families to lose their savings, and way too many to lose their homes. Since that time, our friends on the other side of the aisle have attempted to convince the American people that Dodd-Frank was ``the answer'' to the financial crisis, despite the law failing to actually address the root cause of the downturn. In reality, Dodd-Frank has made it more difficult for hardworking taxpayers to secure a future for themselves and their children by denying them the economic recovery that they deserve. Let's be honest: Dodd-Frank was an agenda waiting for a crisis. So many issues not related to economic stability were crammed into this flawed law that, now, big banks have gotten even bigger and small banks have disappeared at an alarming rate. Even worse, Dodd-Frank enshrined ``too big to fail'' and, frankly, put in place ``too small to save.'' Enough is enough. In order to increase economic opportunity, we must enact commonsense regulatory reform and restore accountability to Wall Street and to Washington. The House Financial Services Committee achieves this goal through a carefully crafted Financial CHOICE Act, which we are debating here today. The Financial CHOICE Act eliminates Dodd-Frank's one-size-fits-all regulatory structure that has strangled community financial institutions with overly burdensome regulations that were meant for the largest banks in America.…”