On the recordJune 8, 2017
I thank Ranking Member Waters for yielding me time. I stand here and I join my colleagues in opposition to the Financial CHOICE Act. It is the wrong act. And let me just say this to you: Certainly, it does not provide choice nor does it create hope and opportunity for investors and for consumers and for entrepreneurs. I am from the great State of Ohio, and you may have a sign that says people are for it; I have letters from ProgressOhio; I have letters from Policy Matters Ohio; I also have a letter here from the National Consumer Law Center, Advancing Fairness In The Marketplace For All. Let me just tell you what they are saying. They are saying that it is breathtaking--the assault on hardworking Americans, the assault on businesses that want to level the playing field to improve the economy. Mr. Chair, this is ridiculous that we stand here. If it was such a good choice, we would have had more meetings on it. If it was such a good choice for hardworking Americans, then we would have worked with Republicans and Democrats to make it a fair choice, to make it a right choice. But I stand here today and tell you it is the wrong choice for consumers. It is the wrong choice because it eviscerates the Consumer Financial Protection Bureau. It is against the people, and it is not for hardworking Americans.
