Political Quotes

“Mr. President, I, too, come to the floor in support of the amendment by Senator Tester and Senator Corker from Tennessee. Let me tell you, I threw myself into these negotiations many weeks ago when I saw the great bipartisan work of my colleagues from Montana and from Tennessee. You just heard the Senator from Tennessee talking about this. They have worked tirelessly on this issue. They have shown great leadership in their willingness to modify their approach. What we have now is a bipartisan, balanced compromise amendment that is going to address the concerns raised by the regulators, small debit card issuers, and many Senators, about the Federal Reserve's approach toward a regulated interchange fee market. The amendment does not repeal the debit interchange amendment championed by Senator Durbin last year. As the Senator from Tennessee just said, it does not repeal that. In fact, a number of Senators who supported Senator Durbin's amendment, also support this compromise amendment. It is moderate. It is bipartisan. It is balanced. It now gives the regulators the time and the tools they need to get this rule right. This is the type of commonsense compromise that Senators on both sides of the aisle can support. This bipartisan, balanced approach is how the Senate should operate. When the Senate added section 1075 to the Dodd-Frank Act last year, it required that interchange transactions fees charged by issuers be reasonable and proportional.…”