On the recordJuly 7, 2016
Mr. Chairman, I rise to support this amendment. It is common sense. We all believe in regulation, but we believe in reasonable regulation. What the gentleman is trying to do is just kind of curtail some of this regulatory overreach. When this agency was set up, it was outside the appropriations process. They get a check from the Federal Reserve for $600 million with no strings attached. Nobody asks anything. In our underlying bill, we put them under the appropriations process. We say: You ought not just have a single director. Have a five-member commission like a lot of these regulatory agencies. So it is a good amendment. Mr. Chairman, I urge my colleagues to support it.
