Let me tell you a story I heard, and this is a Connecticut story.

I have found in New York, and I compared this to my colleagues... that we not only have a failure for people to get new lending.

We could put $10 billion on Main Street, $10 billion into Main Street small loans almost immediately if they lifted that cap.

I think the history shows this was pushed not by the regulators, but by the bankers.

Is there a second?

Opening Statement of: Hon. Charles E. Schumer, Chairman, a U.S. Senator from the State of New York.

The Rules Committee will come to order.

The motion is agreed to--the original resolution is approved and ordered reported.

We were pleased, therefore, to hear about the recent bipartisan effort, led by Senators Charles Schumer and Richard Shelby...

We intend to hire staff with specialized expertise in financial services and other related areas, including product specialists, traders, and others.

You need only to pick up our morning newspapers to appreciate what people are going through.