Bill Huizenga

With that, I yield 2 minutes to the gentleman from Michigan (Mr. Trott), a new colleague of ours.

Hence why I believe we need to pass H.R. 686.

So you don't believe that we should be able to close down this line of credit?

Do you agree with Secretary Kerry that there is no permanency to the United States' line of credit at the IMF?

Isn't there a way, though, to discuss regulatory proposals that doesn't undermine the post-crisis ones that have occurred on both sides of the Atlantic?

I guess my question is--and I know this has come up repeatedly when you have appeared here--what is the active role that Treasury is taking when we are going into these negotiations?

Taking comments is very different, though, than being at the table when the discussions are happening.

But you don't deny that IAIS has booted them out of the process?

I would like to explore today why hardworking, middle-income American taxpayer dollars should be used to bail out other countries.

But then why not go for a jury verdict or some sort of judgment?

But if you look at broad stroke things that have been out there, large companies such as JPMorgan, GE Capital, and Fidelity Mortgage Corp., I think there have been a number of those very high-profile things that have been sort of over the…

So you admit there was a problem?

I wholeheartedly agree, but when they are not?

I would like to know where do you believe that you get this authority from to be able to designate an insurance company a SIFI?

It is bothersome to me that it appears that you are taking the position of the White House.

I think this is healthy for us, and by 'us,' I don't mean us as a legislature; I mean us as a system.

Shouldn't we be equally or even more concerned about the threats posed by Executive Branch influence?

And I will point out to our ranking member that what motivates me--and I think my fellow Members--is making sure that the Federal Reserve is doing its job properly.

I urged Director DeMarco to make sure that any such regulations met a test of producing a fair and open marketplace for providers of LPI and for, more importantly, even the consumers.

``But when the right to vote at any election for the choice of electors for President and Vice President of the United States, Representatives in Congress, the executive and judicial officers of a State, or the Members of the legislature…

So why would they put this in place without having this process, that you have cut off the highway before you have built the off ramp?

Oh, you may think it is an improvement, but there are a whole bunch of other people who don't think it is an improvement.

I am especially concerned, Director McRaith, that Roy Woodall--he is the insurance voting member of FSOC...

Congress is very transparent, we are very transparent.

Again, I am prepared to close, and I reserve the balance of my time.