We were told there would never be any taxpayer liability there. Well, we kind of know how that story turned out.
Editor's note · Context
Hensarling references past assurances about taxpayer liabilities related to financial institutions.
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reduce taxpayers' risk, codify into law an explicit government guarantee, and increase market competition.
Mr. Speaker, I yield 1 minute to the gentleman from Missouri (Mr. Luetkemeyer), the chairman of our Financial Institutions and Consumer Credit Subcommittee.
Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 7388) to extend the National Flood Insurance Program, and for other purposes. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 7388 Be it…
Mr. Speaker, I yield 2 minutes to the gentleman from North Carolina (Mr. Budd), a hardworking member of the Financial Services Committee.





