Political Quotes

“Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, there have been several surreal moments on the House floor this week, and today certainly is one more of them. The debate today is not between regulation and deregulation, but in many respects, the debate is between smart regulation and dumb regulation. What we have today is a dumb regulation that forces a number of financial institutions annually to send out a paper notification even if they don't change their privacy policy; cut down trees, engage an expense--by the way, an expense that, my guess is, doesn't come out of executive bonuses, but probably comes out of the credit availability and the credit cost to the customer. It gets passed on to the consumer. What we are also having a debate about--and I would encourage all my friends on the other side of the aisle, if in doubt, read the bill. In this particular case, guess what, Mr. Speaker. It is a 2-page bill. It really doesn't take that long to read. If you read it, what you will find out is that this is a bill that is pro-consumer because we go from a notification that happens once a year to a continuous notification. We improve the consumer notification by ensuring that it is consistently on the website of the financial institution. What we hear from the ranking member is: No. I want to stay in the 20th century. Gramm-Leach-Bliley is a law from the 20th century. But, Mr. Speaker, we are in the 21st century.…”