Political Quotes

“Mr. President, I will be very brief as I know numbers of people here would like to speak to this bill, which will be an accomplishment for us, and we greatly appreciate the Senator's leadership in making it happen. I was here when Dodd-Frank was passed. I was on the Banking Committee at that time. I didn't support it. The reason I didn't support it is for the many reasons and the many things we are doing today to correct it. Whenever regulation passes, it begins at the targeted group, which, in this case, was made up of the larger institutions in our country which failed. Then, over time, the regulatory processes seeped down to the smaller entities, the smaller banks, that were housed in the communities all across our respective States--the members of the Rotary Club, the Kiwanis Club, the Lions Clubs International, the Chamber of Commerce--the people who make things happen in our communities back home. We have ended up in a situation now in which our community banks and credit unions, which serve our communities and cause economic growth to occur, have these large back office operations that are spread over a smaller asset base. It has made them noncompetitive and has made it very difficult for them to do the jobs we all cherish that they do back home, which is to help to grow those economies. This bill is focused on them. Senator Tester, I know, has been focused on this for many years, but what we are doing here is giving relief to those institutions. It is about time.…”