On the recordJune 8, 2017
I thank the gentleman from North Carolina for yielding to me and I associate myself with his remarks. The Durbin amendment has not helped consumers and, in fact, has hurt them. It has hurt small banks and credit unions. The only entities that have benefited are the retailers, who, despite their promises to Congress, have not lowered cost, and some studies even show that they have increased cost. Congress should not be in the business of price fixing. Price controls will never work and will always have negative consequences. I am committed to returning to free market principles that deliver real results for consumers.
