Mike Rounds

I am honored to be chairing this Subcommittee in the 114th Congress with my friend from Massachusetts, Senator Ed Markey, as Ranking Member.

It is essential the Inspectors General view Congress as a partner in this oversight process.

It most certainly would simplify rates for the providers because if they are providing Medicare services now...

Let us get it down to where the dollars are actually going back down to the providers.

I think there probably needs to be some additional outreach to these folks.

Is there something we can do in terms of providing statutory authority so you can maybe cut through some of the red tape?

I appreciate the approach that you and the Ranking Member are taking in asking that we move forward in an appropriate fashion to address the issues.

I think the regulatory decisions they make do not just occur in that vacuum and that they have a real effect on real people that need access to capital and credit.

I would rather err on the side of being careful and covering a few banks that may not pose as much risk rather than running the risk of another crisis that plunges our economy back into recession.

I think there seems to be a sense that $50 billion was arbitrary and that it is a matter of trying to find the right number.

I cannot do home loans anymore. I just cannot do the compliance.

I think in many cases, on the smaller banks, they feel as if their examiners are looking at them saying a lot of the things are coming downstream to them that are being applied to the larger banks.

If you look at what has happened since Dodd-Frank, there is a continued concern expressed in many rural communities about the additional cost of compliance.

I do not think there is a single community in the United States today that can consider themselves to have an opportunity to grow unless they have access to capital, to be able to borrow money, to be able to magnify what they could…

It seems to me an important consideration of your modernization efforts would be its cyber capabilities.

I do not think there is anybody on this committee that does not want to see the appropriate funding levels offered and maintained.

If they would have had the parts to keep the aircraft in the air, it would have taken normally about 12 months.

During the time that we were on the campaign trail this last year, ... the anticipated cost to the average American family ... was approximately $1,400 more per year in their electric rates.

Thank you, Mr. Chairman.

The EPA claims that the rules give States flexibility to create their own plans.

I do agree with you that this is critical.

These rules will have a material adverse effect on any sector of the economy such as productivity, competition or jobs.

I think this is a major rule.

I think since the Dodd-Frank Act has come into being, the Federal Reserve has extensive powers that it did not use to have.

I think that the fear that comes out of the political process of the concept of raising taxes is, can be mitigated by leadership, by a clear, concise message that you are doing this to make things better for all Americans, and in the end…