Political Quotes

“Mr. Speaker, I rise today to oppose the Financial CHOICE Act, which abandons the American people, as well as safety and soundness, in favor of Wall Street. Six megabanks now control two-thirds of the financial sector in our country and reaped record profits of over $170 billion in 2016. That is too much power in too few hands. Current law has made progress in protecting consumers from predatory practices. Repeal of these consumer protections is not what the American people want. This week, Congressman Jones and I propose to table the current legislation and replace it with our bipartisan bill, the Prudent Banking Act, which reinstates Glass-Steagall protections by separating prudent banking from risky Wall Street speculation that tanked our economy in 2008. The Rules Committee refused to allow our bill a vote. Nevertheless, we remain resolute. Glass-Steagall is something President Trump ran on, as did Bernie Sanders, and, in 2016, both the Republican and Democratic platforms enshrined policies to restore Glass-Steagall protections. Americans should know there is a growing bipartisan consensus fighting to protect the progress we have made, rein in Wall Street, and keep the wolves at bay and out of your pocketbook. I will be voting ``no'' on this bill and urge my colleagues to do the same. ____________________”