On the recordDecember 11, 2017
I just want to reiterate that this bill is about greater transparency and accountability among the banking regulators. The Federal Government should not be able to intimidate financial institutions into dropping entire sectors of the economy's customers based on personal and political motivations. It should be based on risk and evidence of wrongdoing. Our new AG has stopped this practice, and the FDIC has incorporated many of the principles in this bill already into their standard operating procedures. But the importance of this bill is to codify in law for the regulators the guardrails that are necessary to keep this from happening to protect our citizens from this and many other activities by an overreach of the bureaucracy. Mr. Speaker, I yield back the balance of my time. The SPEAKER pro tempore. The question is on the motion offered by the gentleman from Missouri (Mr. Luetkemeyer) that the House suspend the rules and pass the bill, H.R. 2706, as amended. The question was taken. The SPEAKER pro tempore. In the opinion of the Chair, two-thirds being in the affirmative, the ayes have it.
