I am particularly troubled that several of the bills before the subcommittee today completely exempt securities from State registration requirements.

We have to be careful to strike the right balance between the burden on issuers and the need to protect investors.

Unfortunately, I am concerned that the bills before the committee do not fully strike the right balance and may do serious damage to investor protection.

We cannot simply cut ourselves to prosperity, and we certainly can't achieve a sustainable fiscal path when we attempt to balance our budget by slashing programs that invest in our future.

If the purpose of this hearing is to make the point that our national debt is on an unsustainable long-term trajectory, and we need to craft reforms to address the main drivers of that debt, I think you would find unanimous support for…

I have enormous respect for the gentleman from Kentucky, and I do believe there is a real opportunity for some much-needed bipartisanship on the issues of voting rights for senior debt securities of CLOs.

This committee should be very, very cautious about rolling back regulations that are critical to Dodd-Frank reforms before regulators' ink is even dry on those reforms.

It is unnecessary, and reckless, I think, to expand the scope of relief for CLOs beyond what the holders of these CLOs have requested.

I think that we understand why all of the Wall Street banks are against this prohibition of proprietary trading, because it is a very lucrative business, made even more lucrative by the fact that it is subsidized by taxpayer funding.

I am concerned the CFPB is cutting off access to credit for low- and moderate-income home buyers due to the Home Ownership and Equity Protection Act (HOEPA) Loan rules implemented this month.

Why would you go on and let the rules go into effect not having all of the documentation or the data that you need?

But just because something makes Wall Street a lot of money doesn't mean it is a good thing for the American people.

We just believe that is not something that the United States Government needs to be subsidizing.

Those massive proprietary bets made in the subprime mortgage market sent shock waves through the market and drove our economy to the brink of collapse.

I think at its core is a very simple idea, that banks of any size should not be allowed to use taxpayer-backed support to make risky or reckless bets for their own profit.

the law simply states that to stop the predatory lending that fed the housing bubble, the Wall Street reform law states very simply that before a lender offers a mortgage to a consumer, they should first come to a reasonable and good faith…

the bottom line here is that the CFPB's rule is supported by a lot of groups who were hurt very badly by that last crisis.

I want to say that one of the--to your credit, for community banks and credit unions, and, God knows, Habitat for Humanity, the reason that your programs, especially with the credit unions and the community banks, outperformed the big…

I thank the chairman for yielding. Mr. Speaker, strong job creation is the foundation for a healthy economy, while overregulation kills jobs. Private equity provides much- needed capital and better investment returns to pension plans…

the number of people who brought their new bills from their insurance companies, and the increase of premiums, we were looking at, in many cases, a 500 percent, sometimes 1,000 percent increase in the premiums of those flood insurance…

the threat of forcing people from their homes by these increases in premiums is probably equal to the removal of people from their homes during some of the storms that we are trying to address.

I thank the chairman. Mr. Speaker, I rise today in support of H.R. 992, the Swaps Regulatory Improvement Act. Simply put, we do not want to make the consumer pay more. That is what will happen if we force banks to push out certain swaps…

I voted against it, by the way--our thinking in the course of Dodd-Frank was that we need to have somebody out there looking out for the consumer.

there has been a relentless effort by my colleagues to varying degrees on the other side of the aisle to do away with the CFPB.

So many people, Chairman Bernanke, think now that the government's role is to step in and save the day.