On the recordMarch 22, 1994
I would point out there are a number of important consumer protections for less-advantaged people in the bill. There is a number of consumer benefits for all Americans in the bill; there is a number of benefits for business in the bill. Taxpayers come out way ahead because it reduces the likelihood that banks will get in trouble. Credit crunches will not occur as often because geographically strong banks will not be dependent on one part of the country. Banks will benefit, everyone benefits from this legislation. We have known it for about 10 years; this should have passed years ago. It has always failed because of someone's idea of just something else we could add to it, some little thing would make it different or make it better. This is the best we could do. I am happy to look at other issues at any time, but this is very much in the American interest, and I urge my colleagues to pass this very good bill.
Source
govinfo.gov
