Political Quotes

Jack Reed: “It is less effective--and we saw this particularly in the case of predatory lending--when the national standard is…”

On the recordJune 20, 2011
It is less effective--and we saw this particularly in the case of predatory lending--when the national standard is rather low and State standards, much more effective, are legally sort of avoided under Federal regulatory preemption.
Said by
Jack Reed
Democratic · Rhode Island

Editor's note · Context

Reed highlights the risks of low national standards undermining effective state laws.

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