Luetkemeyer: “The DOJ should not be involved in bank regulation to any extent whatsoever.”

One of the biggest problems that I have with them is this power grab by the bureaucracy to take more power to themselves and away from all of you small-business guys.

The American people, I think you can trust them with their own money. Remember, it is their money by the way.

I have been an advocate for a long, long time of reinsurance to be able to minimize the taxpayers' exposure on flood insurance.

It seems to me that you need a tiered system here. If you have a small business, you need to have a different set of rules that you have to comply with versus the big guys.