Political Quotes

“a year ago, in a bipartisan effort, a young man from Ohio joined me to put together a bill to solve the problem of allowing American credit unions to continue to survive in anticipation of the Supreme Court ruling that happened a little more than a month ago. That bill was fairly simple. Here is the copy of it. As of this moment, we have 207 cosponsors in this House in support of H.R. 1151. But understanding the legislative process, H.R. 1151 came to the hearing process and the markup; and, ultimately, last week, H.R. 1151 survived as a bill of approximately 31 pages that did not satisfy anyone completely but satisfied enough of the Members of this House that almost the majority are still cosponsors of H.R. 1151. And if left to come to this floor, I have not any doubt it would survive on a voice vote under suspension to be sent on to the Senate and with a good opportunity to be taken up to the Senate and passed as it is presently structured and sent on to the President for his signature. The indication today from the notification we have received from the Secretary of the Treasury, we would have his recommendation that the President sign the bill and put it into law, thus freeing the credit unions from captivity. Instead, that 35-page bill has been weighed down by the Committee on Rules tonight by 350 pages of some of the most contentious financial modernization, if that is what it can be called, legislation that we can imagine.”