Political Quotes

“I would like to thank Ranking Member Waters for all of her support and her leadership. Madam Speaker, I rise today in strong support of H.R. 3584, the Capital Access for Small Community Financial Institutions Act, as amended. Today I stand here, joining my colleague from Ohio, Congressman Steve Stivers, in support of final passage of this bipartisan legislation. I thank the gentleman for introducing this bill on which I partnered as the lead Democrat. In a show of bipartisanship, we were able to work together to have the legislation unanimously reported out of the Financial Services Committee, as it is certainly worth noting again, with a vote of 55-0. Madam Speaker, H.R. 3584, if enacted, would permit privately insured credit unions to apply for membership in the Federal Home Loan Bank system. It would not, however, mandate that these privately insured credit unions become members of the Federal Home Loan Bank. Currently, out of roughly some 6,000 credit unions across the country, there are 132 privately insured credit unions operated in nine States. These States include Alabama, California, Idaho, Illinois, Indiana, Maryland, Nevada, my home State of Ohio, and Texas. In particular, this bill would improve access to home mortgage loans for members of the three privately insured credit unions that are based in my Third Congressional District of Ohio. H.R.…”