I fear that aspects of this legislation can cause people to engage in riskier behavior, believing that the government will perform their due diligence for them on the front end and then bail them out on the tail end.
Hensarling warns against legislation encouraging risky behavior due to government bailouts.
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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.
reduce taxpayers' risk, codify into law an explicit government guarantee, and increase market competition.
Mr. Speaker, I yield myself as much time as I may consume. Mr. Speaker, two things that are vital to the American economy: number one, 3 percent economic growth, and number two, competing with China. Three percent economic growth, Mr…
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.
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