I am just going to voice my objections to that bankruptcy cramdown provision that is moving through Congress because if the ultimate objective of this committee and this Chamber is to see a recovery in the housing industry, we have to do what we can do to encourage capital back into the system, not force it out of the system.
Opposes bankruptcy cramdown provision, arguing it harms future homebuyers and capital flow.
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That is why House Republicans will pass a resolution this week to protect small businesses' access to affordable credit by rescinding this burdensome and overly-complex rule.
Broad and material changes to the Basel III Endgame necessitate a full reproposal. Full stop.
Community banks are already struggling under the current regulatory agenda. We should not be adding more burdensome rules.
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