Political Quotes

“I thank the gentlewoman for yielding. I would like to begin by reminding everyone that the Financial Protection Bureau, under the leadership of Director Cordray, returned $12 billion to American consumers, including $140 million in enforcement and consumer savings related to auto loans. Mr. Speaker, I rise in strong opposition to S.J. Res. 57, a direct attack on people of color, vulnerable persons, and any other person of a protected class who is subject to financial discrimination by auto lenders. This resolution is an unambiguous stamp of approval for Office of Management and Budget Director Mick Mulvaney's agenda to shutter the CFPB by removing its ability to protect consumers and police discriminatory lending policies. But aside from my deep, substantive concerns with this resolution, I am fundamentally opposed to this reckless and unprecedented use of the Congressional Review Act. The legislative history and plain reading of the statute make it clear that the CRA was designed to provide Congress with an opportunity to review new rules, not long-established agency guidance. But because this archaic law was poorly designed--it actually requires agencies to physically submit thousands of rules every year in triplicate by courier--it is inevitable that some guidance will not be physically received by Congress for purposes of the CRA.…”