On the recordJuly 22, 2015
I thank the gentleman for his, regrettably, accurate observation. I try not to question the motives of my colleagues, but something is awry when something goes through the House unanimously, and then just in a matter of a weeks to a couple of months later, all of a sudden, it becomes a very divisive issue. My fear is that the left hand doesn't always know what the far left hand is doing. The far left hand has decided that Dodd-Frank is sacred text, notwithstanding the fact that, 5 years later, we understand that free checking has been cut in half; 5 years later, we understand that bank fees are going up; 5 years later, we understand the ranks of the unbanked and the low- and moderate-income people who need to be able to have access to credit--when you need $500 to repair your car to get to work on Monday, you need $500 to repair your car to go to work on Monday. Yet, for many, it is clear that Dodd-Frank has become a matter of brand protection, of ideology; and it really doesn't matter how many people suffer. That is so sad. I have strong thoughts on the matter, but I will sit down and reason in good faith and compromise policy in order to advance principles on behalf of the American people. I yield to the gentleman from Michigan.
