On the recordMay 6, 1999
I am pleased to support his amendment, together with Senator Daschle. I think it underscores the bipartisan nature of this amendment that both Senator Shelby and Senator Daschle are here today to advance a very important issue. It is a very important issue that I have been working on for over a year. In fact, in the last Congress, I had an amendment in the Banking Committee that was very similar to this, and my impetus is to suggest this amendment was based upon my experience as not only a Senator but also as someone who was a lawyer and involved in banking matters in my home State of Rhode Island. It is very important to clear up a misconception that might be operating at the moment that the Federal Reserve is the exclusive repository of banking direction and regulation in the United States. Such a claim is just wrong. Banking policy in the United States is the province of many different organizations.
Source
govinfo.gov
