I wanted to support a reasonable financial services modernization bill and I worked very hard with my colleagues to include important consumer protections and privacy measures as this bill moved to the floor. Unfortunately, however, the Republicans refused to accept these amendments, and made matters worse by wiping out an adopted anti-redlining provision to require the insurance industry to comply with the Fair Housing Act and not discriminate against the poor, minorities and people who live in neighborhoods redlined by the insurance industry. We have not allowed banks to discriminate. Why should we allow the insurance industry to discriminate? This overt violation of the legislative process is outrageous and really should be illegal. It is an example of governmental lawlessness. Let us restore some integrity to this process and vote for this motion to recommit.
Editor's note · Context
Addressing consumer protections in financial services legislation during a House floor debate.
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