Like most of the other 400 rules in the Dodd-Frank Act, the Volcker Rule is aimed at Wall Street, but hits Main Street, and regrettably people like Joseph and William and Tina have become collateral damage.
Hensarling criticizes the Volcker Rule for negatively impacting everyday Americans.
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How are we that much better off? And if we could put up a slide, you are asking community banks to make a forecast.
Congress needs to do its job. You need to write legislation with more specificity.
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.
I would just point out again, all this bill does is extend for 6 months the current policies of the NFIP. Not one single policy of the NFIP is changed in this bill. Mr. Speaker, I yield such time as he may consume to the gentleman from…
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