Jeb Hensarling: “We have now had 7 years of history with Dodd-Frank, and what do we know? We know that the big banks are bigger. We know…”

“We have now had 7 years of history with Dodd-Frank, and what do we know? We know that the big banks are bigger. We know that the small banks are fewer. The gentleman cites some statistics about lending, but what he left out is, we are losing a community bank or credit union a day, and they are not dying of natural causes. They are dying of the dreaded Dodd-Frank disease. Our small businesses continue to suffer. It takes small banks to lend to small businesses. The job engine of America and small bank business lending isn't recovering, and it can't recover, as long as Dodd-Frank is on the rolls of the Federal Register. I got to tell you, Mr. Chairman, it is time. It is time for a better way. It is time to help our struggling families. That is really what this is all about. We have had 7 years of Dodd-Frank, and yet working Americans haven't received a pay increase. Their small businesses can't get loans. Struggling families have not seen their savings recover from the great financial panic which, oh, by the way, was brought about by government in the first place, with dumb regulation to put people into homes they couldn't afford to keep. And let's also remember that Dodd-Frank is actually hurting the consumers it claims to help. Free checking was cut in half. Credit cards, there are fewer of them. They cost 200 to 300 basis points more. Have you tried to get a mortgage lately? They are harder to come by.…”