Political Quotes

“Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, I listened very carefully to my friend on the other side of the aisle. Again, her comments were very heavy on thematics, very heavy on extraneous material. Unfortunately, it was a little light on the facts of H.R. 4607. The text of the bill is 3\1/2\ pages long; so it doesn't take very long to read. But I remind all of my colleagues that this is common sense. In and of itself, this bill changes no rules. All it does is tell our regulators that every 7 years, why don't you look at what you have done and publish a report. If you want to change any rule, you have to go through the formal rulemaking process to repropose a rule, to get public comment. So, again, in and of itself, it changes no rules. I almost want to ask my friend on the other side of the aisle: What is she scared of? What is so wrong with simply looking at the rules that have been promulgated to see if they are actually working? Are they helping our constituents? Are they making economic opportunity more available for all? What is so odd is, the original EGRPRA legislation that dates back to the Clinton era was overwhelmingly supported on both sides of the aisle. So what the gentleman from Georgia is doing in H.R. 4607 is simply saying all financial regulators, including the National Credit Union Administration and the Consumer Financial Protection Bureau, which really didn't even exist in the Clinton era, ought to do the same thing.…”