Political Quotes

“Madam Speaker, I have no further requests for time from the Financial Services Committee. I ask unanimous consent to allow the gentleman from North Carolina (Mr. McIntyre) from the Agriculture Committee to control the rest of the time. The SPEAKER pro tempore. Without objection, the gentleman from North Carolina will control the time. There was no objection. Mr. McINTYRE. Madam Speaker, I rise today in support of this bill of which I'm a strong supporter and lead cosponsor, H.R. 634, and would like to thank my colleagues--Representatives Hensarling, Grimm, Peters, and Scott--for their commitment to working together on this, as you've heard, in the discussion that has occurred thus far. This bipartisan bill is a prime example--something our Nation is yearning for to see here in Congress--that Members can and will work together when we need to to find solutions that we can come across the aisle and reach, and reach them quickly. The Business Risk Mitigation and Price Stabilization Act will clarify that true derivatives end users are exempt from the margin requirement supplied by the Dodd-Frank Wall Street Reform and the Consumer Protection Act to many derivatives contracts. These true end users use derivatives to manage actual business risk and protect against fluctuating prices, currency rates, or interest rates--not to speculate.…”