Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, another day, another strong bipartisan bill presented to the House by the House Financial Services Committee. I take great pride in that fact. Today, I rise in strong support of H.R. 4790, the Volcker Rule Regulatory Harmonization Act. I want to thank, first, the gentleman from Arkansas (Mr. Hill) for his leadership on the issue and so many other issues in front of our committee. And I want to thank his bipartisan partner, the Democrat gentleman from Illinois (Mr. Foster) for his leadership on his side of the aisle on this very important piece of legislation. As a result of their hard work, this bill was reported out of our committee, Mr. Speaker, 50-10, which means 80 percent--80 percent--of our colleagues on the committee supported the legislation, including a majority of the Democrats. Now, Mr. Speaker, we enjoy, in America, the deepest, strongest, and most liquid capital markets, frankly, the world has ever known, and that helps us have a very strong, strong progrowth economy. Our capital markets are vital; vital to the job growth and job- creating machine in America. Our capital markets provide very important funding to Main Street businesses and to entrepreneurs for short-term operations and long-term growth.…
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I think when decisions like this are made they probably should be made with the Legislative Branch of the Government because the issues are too significant for one human being on the planet.
Mr. Speaker, I yield 2 minutes to the gentleman from California (Mr. Royce), who is the chairman of the House Foreign Affairs Committee and a very senior member of the Financial Services Committee.
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\1/2\ minutes to the gentleman from New Jersey (Mr. MacArthur), who is also the author of the legislation for the reauthorization bill before us. Mr. MacARTHUR. Mr. Speaker, I spent about 30 years in the insurance…





