On the recordJune 7, 2017
This important legislation also holds Washington bureaucrats accountable by creating constitutional checks and balances for the Consumer Financial Protection Bureau so that it can more effectively do its job. No government agency should be unaccountable to the American people. Lastly, this commonsense legislation protects taxpayers by eliminating too big to fail, something that my colleague had just talked about, and requires failing institutions to liquidate through a streamlined bankruptcy process, not taxpayer-funded bailouts. The process that she was talking about, this orderly liquidation authority, the government runs the bank for 5 years, and that is unacceptable. So I hope you will join me in supporting this rule and supporting the underlying bill.
