Dan Kildee said "This week the House considers the ``Wrong'' CHOICE Act, so I have one question for this body: Has this House completely forgotten how much pain the housing crisis that triggered the Great Recession has caused the American people? Eleven million people lost their homes; 8 million Americans lost their jobs; people lost their life savings--and that was not some sort of an accident of history. It was the effect of bad policy that allowed financial institutions to prey upon unwitting customers and take everything that they have worked for. That is what precipitated this crisis. It wasn't a storm. It was bad policy. And so what do we have? A bill that will take us right back to where we were, to the conditions that caused the financial crisis in the first place, and take the cop off the beat, essentially eliminating the Consumer Financial Protection Bureau to protect people. We cannot do this. Let's reject this bill. ___________________

On the recordJune 7, 2017

This week the House considers the ``Wrong'' CHOICE Act, so I have one question for this body: Has this House completely forgotten how much pain the housing crisis that triggered the Great Recession has caused the American people? Eleven million people lost their homes; 8 million Americans lost their jobs; people lost their life savings--and that was not some sort of an accident of history. It was the effect of bad policy that allowed financial institutions to prey upon unwitting customers and take everything that they have worked for. That is what precipitated this crisis. It wasn't a storm. It was bad policy. And so what do we have? A bill that will take us right back to where we were, to the conditions that caused the financial crisis in the first place, and take the cop off the beat, essentially eliminating the Consumer Financial Protection Bureau to protect people. We cannot do this. Let's reject this bill. ____________________

Said by

Dan Kildee

Democratic · Michigan

Source

govinfo.gov