And as such, I believe in the independence of the Fed to make monetary policy, but as a regulator, Congress should have significant oversight of your regulatory action, should they not?

So, does the Federal Reserve have the legal authority to implement negative rates?

I am sure we can agree, Chair Yellen, that businesses need to be fairly regulated, and predictably regulated, but when those regulations are killing jobs, it is just not right.

Can't we agree, Chair Yellen, right now, that it just doesn't make any sense for non-bank financial institutions that pose no systemic risk to the market, like asset managers--they should escape this Dodd-Frank regulation that penalizes…

Well, happy anniversary. America has been saved. We are just living with the consequences of that savior, Dodd-Frank.

Look, playing such a dangerous game is bad for American businesses, American exports, and, most importantly, American jobs.

Mr. Frank indicated it was never his intention or the intention of Congress to draw into their net of regulatory oversight all of the mid-size banks.

In that regard, I think FSOC is creating more problems by diminishing the liquidity in the marketplace, which will create future problems, potentially, in the marketplace.

it's horrific, though, that you participated in some level on obscuring the truth from the American people in order to pass this bill.

If you like your plan, you can keep it, it was, in fact, a lie, based off your numbers.

when the President said, 'If you like your plan, you can keep it,' turns out it was the lie of the year.

identified FSOC as perhaps the least transparent agency in all of the Federal Government.

Accountability is crucial to leadership, and I look forward to Director Cordray specifying actions that he has taken to reprimand and terminate managers who have wrongfully treated and retaliated against CFPB employees.

If the United States unilaterally disarms the export financing world and allows Ex-Im to lapse, what kind of economic impact could it have on American manufacturing?

There is a credibility problem for the EPA at stake here.

what my families that I represent in western North Carolina want is action taken

What we need is action from you.

Thank you for your steadfast promotion of American jobs and American manufacturing in our country.

Chair White testified just a few weeks ago before this committee that the SEC has all the authority necessary; no new authority would be needed for the SEC to regulate the asset management industry.

I believe the SEC does have authorities to regulate the asset management industry.

There is a way for us to pass bipartisan legislation.

Currently, I would say it is not sufficient.

I see the CFPB as a department that may have some concerns that have to be addressed. But we keep the department.

So you have not fired somebody who has been proven to be--based off the financial terms of the settlement, it is clear to me that there was truth in this, if you are going to make such a financial settlement with an employee.

It seems irresponsible to me. How would you see it differently?