Political Quotes

“I thank the gentlewoman for yielding to me. Mr. Speaker, I rise in strong opposition to H.J. Res. 111, which would repeal protections for our men and women in uniform and other everyday consumers against the use of forced arbitration by megabanks and other financial service providers. Earlier this month, the CFPB finalized strong rules to protect the rights of hardworking Americans to band together in our justice system to hold corporate wrongdoers accountable. This protection is particularly critical for our Nation's men and women in uniform and their loved ones. For over a decade, under both Democratic and Republican administrations, the Defense Department has warned Congress about the effects of forced arbitration in servicemembers' contracts. Often buried in the fine print of financial contracts, these clauses waive the rights of veterans and servicemembers to a day in court before a dispute even arises. If these arbitration provisions were so beneficial to consumers and to servicemen and -women, why do you have to sneak these mandatory provisions into the contract? There is overwhelming support for this rule among military service organizations who agree that forced arbitration clauses block access to the justice system and funnel the claims of servicemembers into private, costly arbitration systems.…”