Political Quotes

“I would like to have been here today to offer strong bipartisan support for a bill that would help with rules and regulations for the smallest banks and credit unions in the country. There is a real effort on the part of a lot of us to come to an agreement particularly aimed at those banks, the community banks and the regional banks. I have three. Senator Portman's and my State is the only State in the country that has three regional banks, the banks that have $50 billion, $100 billion, $150 billion--Huntington, KeyCorp, and Fifth Third. Unfortunately, this bill started off that way, but it has become something else, and the something else is that this bill seems to me and many others to be more concerned with the largest banks and Wall Street than it does with community banks. There are lots of things that can come out of this bill. The bill gives regulators way too much flexibility--regulators such as Mulvaney, Otting, Quarles, and others. It vests more power in FSOC--something that the Republicans didn't want to do until they got regulators like Mnuchin, Mulvaney, and people like that who are much more likely to side with Wall Street. The White House is increasingly looking like a retreat for Wall Street executives, and these are the people who are going to be doing the regulation of this bill.…”