We all know that too many of our financial institutions are fighting an uphill battle: the struggling economy; a monetary policy which is squeezing their profit margins; clearly, Dodd-Frank compliance; the Durbin language, which imposed price controls on their interchange fees; and the new credit allocation czar.
Hensarling discusses challenges facing financial institutions due to economic and regulatory pressures.
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Mr. Speaker, may I inquire how much time I have remaining. The SPEAKER pro tempore. The gentleman from Texas has 1 minute remaining.
Mr. Speaker, I yield 1 minute to the gentleman from North Carolina (Mr. Budd), the lead sponsor of one of the provisions in the bill, H.R. 3903, the Encouraging Public Offerings Act.
Mr. Speaker, I yield 1 minute to the gentleman from California (Mr. Sherman), a senior Democrat on the committee and the lead sponsor of the bill.
Mr. Speaker, I am pleased to yield 3 minutes the gentleman from North Carolina (Mr. Pittenger), the vice chairman of the Terrorism and Illicit Finance Subcommittee and the author of the FIRRMA bill before us.
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