Carolyn Maloney: “I thank the gentleman for yielding, and for his leadership on the Rules Committee. I rise in support of this rule and…”

“I thank the gentleman for yielding, and for his leadership on the Rules Committee. I rise in support of this rule and the underlying bill. It's a package of bills designed to encourage the growth of smaller companies and start-ups, and it contains six separate bills, four of which have already passed this body by overwhelming majorities. I share the concerns of the ranking member, Mr. Frank, that these 17 amendments that were put in place, adequate time has not been given to fully debate them. I do want to take issue with my good friend from North Carolina in his criticism of the CARD Act, saying that it has made it harder for Americans to receive cards. This bill that passed this body overwhelmingly, with Democratic leadership, I was proud to be the lead sponsor on it, working with all of my colleagues on the Democratic side. And what it did is it stopped unfair deceptive practices. Money magazine called this bill the best friend a credit card holder ever had, and The Pugh Foundation came out with a report earlier this year saying that this Democratic bill alone saved consumers in our country $10 billion in 1 year. I would say that's an advantage for consumers, an excellent goal that was championed by our President and by the Democratic leadership. I would like to take issue with this comprehensive jobs agenda.…”