Bill Lee: “I want to thank the gentleman for yielding and for his most diligent work on behalf of the American people, and also to…”

“I want to thank the gentleman for yielding and for his most diligent work on behalf of the American people, and also to our ranking member, Congresswoman Maxine Waters. I just want to thank her for really educating this House and the public of the dangers to consumers of this horrible bill, of course, which I stand in opposition to. It really is a wrong choice for American families. Shamefully, this bill gives Wall Street a handout while stealing from the pockets of everyday Americans. It would drag us back to the days where Wall Street and billionaires get richer, while struggling families are left out in the cold. The bill significantly undermines both the Consumer Financial Protection Bureau and the rules it put in place to prevent predatory lending and subprime loans, particularly in communities of color. Families lost a generation of wealth prior to Dodd-Frank and have yet been able to recover. But this bill also, I must say, puts Wall Street recklessness back in charge, and it will leave consumers out in the cold again. So it will take us back to where we were before, and we cannot go back. That is why we are asking for a ``no'' vote. It destroys protections for seniors and jeopardizes their financial safety. So I hope that Members vote ``no'' on this bill.”