Political Quotes

“My amendment will strengthen the already meaningful piece of legislation we are considering today, which cuts wasteful spending and reduces burdensome, costly regulations on small businesses. Of particular importance, the underlying legislation prohibits the Biden administration from implementing the SEC's climate disclosure rule, which prioritizes ideology over capital formation for investors. The legislation also rightfully brings the Consumer Financial Protection Bureau under the purview of the congressional appropriations process. The CFPB has lacked transparency and accountability for years while being funded directly by the Federal Reserve, and this bill will give Congress the authority to provide appropriate oversight. Additionally, the bill will halt the CFPB's implementation of its onerous 1071 small business data collection rule, which places undue costs and compliance burdens on America's small businesses and lenders. Mr. Chairman, H.R. 4664 is a win for taxpayers, consumers, and for the American financial system. My amendment will help make it an even greater win for small businesses by protecting the soundness and integrity of a program that offers access to affordable and reliable capital for entrepreneurs. I urge my colleagues to support this commonsense amendment and the underlying legislation, and I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from Pennsylvania (Mr. Meuser).…”