I thank the Senator from Tennessee, who is a valued member of the Banking Committee. I thank him for his comments in support of Ms. Galante's nomination, and I appreciate some of the criticisms Senator Shelby offered. I wish to answer a couple of those but then move directly to Ms. Galante and concur in the support for Ms. Galante from Senator Corker. Two years ago, Senator Begich and I introduced an FHA reform bill which, unfortunately, because of people on the other side, has been blocked, for whatever reasons. Two weeks ago, we tried to pass the FHA Emergency Fiscal Solvency Act--a commonsense reform measure that came out of the House of Representatives, sponsored by a Republican from Illinois, Congressman Biggert. She is the chair of the relevant House Financial Services Subcommittee. It passed the House on a suspension, 402 to 7--an unusual demonstration of bipartisanship in the House of Representatives. Passing that bill would not have prevented action next Congress. Yet some of my colleagues again stand in the way of these taxpayer protections. Let me turn to Ms. Galante and the reasons I am supporting her nomination. As an Ohioan, I am inclined to support an Ohio Wesleyan graduate who is married to an Akron native.…
On the recordDecember 30, 2012
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