I have not yet heard a persuasive argument as to why the FTC needs even greater authority.
Pat Toomey
The Public Record
Patrick Toomey is a former United States Senator from Pennsylvania, serving from 2011 to 2022. A member of the Republican Party, Toomey was known for his focus on fiscal conservatism, economic growth, and limited government. During his tenure, he served on several Senate committees, including the Banking, Housing, and Urban Affairs Committee, where he was involved in financial regulation and economic policy discussions.
Proponents of Federal privacy legislation really should clearly demonstrate the market failure and consumer harm.
Overly restrictive privacy rules and regulations handed down from Washington may threaten this innovation.
I think it's irresponsible for the Federal Government to require companies to radically alter a successful business model that has provided many consumer benefits without knowing all the facts first.
Of course, if we did that, we'd also have to take into account the higher food prices that we have as a result of using 40 percent of the corn in gasoline tanks.
We are taking into account those externalities. They're being addressed through environmental regulations, and are reflected in the fuels we produce and the operations that we run.
We've got thousands of families that are out of work, that are facing the possibility of losing existing jobs.
We need to fix the housing market now to get the broader economy moving again and create jobs.
Stopping homeowners from refinancing into lower cost loans... harms both homeowners, taxpayers, and is crazy in my view as a policy.
The so-called goal of the Volcker Rule was designed to limit risks at insured depositories so that banks wouldn't be using Government insured deposit funds to 'gamble' through proprietary trading or fund investing.
I believe it is critical that Congress and our financial regulators make sure that Dodd-Frank does not worsen an already troubled economy by unnecessarily impeding the international financial system.





