Hon. Michael G. Oxley: “Mr. Chairman, I am proud to stand before the House today with this important bipartisan jobs bill. When 9/11 hit our…”

“Mr. Chairman, I am proud to stand before the House today with this important bipartisan jobs bill. When 9/11 hit our country, our committee responded quickly with bipartisan legislation: the U.S. PATRIOT Act and the Terrorism Risk Insurance Act. When the securities markets fell into crisis with corporate scandals, we swiftly passed the Sarbanes-Oxley Act. Today, as the preemptions in our national credit markets are set to expire, we again have responded swiftly and responsibly with a bipartisan solution to keep the American economy stable and growing. Since the Fair Credit Reporting Act passed with its amendments, we have achieved some of the lowest mortgage rates and credit rates on record, with more competitive offerings for consumers than ever before. Mortgage and credit approvals that used to take weeks or even months are now completed in a matter of minutes, giving consumers more flexibility, making credit more affordable and available, and creating more jobs and economic growth for all Americans. American consumers and workers also enjoy unprecedented mobility thanks to our national credit system.”