Patrick McHenry actually said...

I think history tells us that the notion that this regulatory agency is going to lower prices to consumers... is extraordinarily naive.

McHenry criticizes the belief that regulatory agencies will reduce consumer prices.

05/23/2011

More Patrick McHenry Quotes

If this issue is left unaddressed, the viability of MSBs will be compromised, potentially pushing many of their transactions underground.

I put forward a bill which establishes a mechanism that would allow MSBs to self-certify their compliance with the Bank Secrecy Act.

Without a banking relationship, MSBs are unable to provide financial services to communities, making it difficult for millions of Americans.

Thank you, Chairman Clay, for your leadership and thank you for your hard work on this matter.