Political Quotes

“Mr. President, I hope I have the good fortune our Senator from Kansas just had. I ask unanimous consent to call up amendment No. 4034. The PRESIDING OFFICER. The clerk will report. The legislative clerk read as follows: The Senator from Tennessee [Mr. Corker] proposes an amendment numbered 4034 to amendment No. 3739. The amendment is as follows: (Purpose: To address the applicability of certain State authorities with respect to national banks, and for other purposes) On page 1315, strike line 18, and all that follows through page 1325, line 20 and insert the following: ``(B) the State consumer financial law is preempted in accordance with the legal standards of the decision of the Supreme Court in Barnett Bank v. Nelson (517 U.S. 25 (1996)), and any preemption determination under this subparagraph may be made by a court or by regulation or order of the Comptroller of the Currency, on a case-by-case basis, in accordance with applicable law; or ``(C) the State consumer financial law is preempted by a provision of Federal law other than this title. ``(2) Savings clause.--This title does not preempt, annul, or affect the applicability of any State law to any subsidiary or affiliate of a national bank (other than a subsidiary or affiliate that is chartered as a national bank).…”