Jeb Hensarling: “But the problem is it gave so much discretionary power to regulators that now we are ruled by regulation.”

Putting layers of diversified private capital in a first loss position will help ensure more accurate pricing of risk.

Congress needs to do its job. You need to write legislation with more specificity.

I am very pleased to yield 2 minutes to the gentleman from Wisconsin (Mr. Duffy), the chairman of the Housing and Insurance Subcommittee.

As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.