Political Quotes

“I am ready to close. Madam Chair, more than 40 years after Congress first passed HMDA, the evidence continues to demonstrate that countless Americans still face loan discrimination by mortgage lenders. Data is the tool that makes it possible to fight discrimination. My amendment puts us back on the right track by ensuring this information remains available. Madam Chair, I urge Members to support this amendment, and I yield back the balance of my time. Mr. McHENRY. Madam Chair, I yield myself such time as I may consume. I urge my colleagues to vote ``no'' on this amendment. This rolls back to an older form of regulation, not a new, modern form of regulation. We still collect very important data from mortgage makers, those that are actually in the mortgage marketplace. What we did was right-size our regulation so that small financial institutions like community banks and credit unions could be in the mortgage marketplace once again. This amendment rolls back those reforms and hurts small community banks and hurts small credit unions in a way that this body, I don't think, wants to support. Madam Chair, I urge my colleagues to vote against this amendment, and I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentlewoman from New York (Ms. Velazquez). The amendment was agreed to. Amendment No. 2 Offered by Mr. Steil The Acting CHAIR. It is now in order to consider amendment No.…”