I thank Chairwoman Waters for holding today's hearing on the National Flood Insurance Program.

There is a great need for pragmatic changes.

Simply forgiving a debt NFIP holds is equally irresponsible and does not solve the root causes of the NFIP's insolvency.

this type of climate data should also be a part of this conversation, should it not?

I am also pleased that we will be considering Congressman Lynch's Kleptocracy Asset Recovery Rewards Act.

For several years now, we have been hearing about all sorts of mismanagement and misconduct with Wells Fargo.

The good news is that it is a new day in the CFPB, and I welcome that.

I would abolish it tomorrow if I could. It should never have been created to begin with.

For nearly a decade, America's small businesses, community banks, and families have experienced firsthand what an unacceptable agency looks like.

So if we are talking about the Democrat message today, it is that you are an independent Bureau but we don't like you, right?

Dodd-Frank reiterates the powers to the Executive Branch under Title V for the hiring authorities that are there.

the authority is vested, in fact, in the Director and certain activities can be delegated further at the Director's discretion.

I want to change that statute so that we have a structure that is a bipartisan board, a structure that puts you on budget.

Many of us have expressed serious reservations over the establishment of the CFPB. Those are still the initials, as you have re-established.

It is called 'regulation by enforcement' and it is a dangerous and destructive approach to supervision.

You need to act under the statute as designed, not based off of what is being yelled at you via a congressional hearing.

designed this Bureau to be unaccountable.

Good government should not be a partisan exercise.

the design of your Bureau, you have a fixed term of office, and absent--as the courts have found and the statute pertains--some exceedingly grievous act, you can't be removed from office.

I am hopeful that the Chairman will continue to pursue this approach, as it is important for the long-term integrity of the institution.

I support Chairwoman Waters' decision to create this new subcommittee, and I continue to support her work on the issues facing diversity and inclusion in the financial services sector.

It is the largest--highest it has ever been.

Last year, DHS filed approximately 300,000 new cases.

we have challenges. We have had a number of things come up, most recently, probably the biggest one is the interpreter issue has returned.

It is twofold, but it is perhaps two sides of the same coin. Individuals who are here who have no claim to stay are allowed to remain longer in violation of the law than they otherwise should have.