Bob Corker: “Look, the fact is, we had a bipartisan agreement that has been throttled back. There is a chance--I understand. That is…”

“Look, the fact is, we had a bipartisan agreement that has been throttled back. There is a chance--I understand. That is what I am saying. I hope the cosponsors of this amendment will at least support it on the floor. I do not think there has been anything enlightening that has occurred--just the fact that, look, the White House has expressed opposition to this. I understand that, and that is the way things are when the White House is the White House. But what I would say is, the Senator from Connecticut specifically tried to get support for this consumer protection agency by saying that institutions under $10 billion in assets would not be enforced upon directly by this consumer protection agency. But what has happened as a result of the bill is the fact that now, instead of that, we now have State AGs--they are going to enforce against these very institutions on rules that emanate from these Federal statutes. So I would say that is a far worse situation for these community banks and credit unions.”