Political Quotes

“Mr. Speaker, I yield 5 minutes to the gentleman from North Carolina (Mr. McHenry), vice chairman of the committee and sponsor of the legislation. Mr. McHENRY. Mr. Speaker, I want to thank the chairman for his kindness in working with me and my team on bringing this bill to the floor today, and I want to thank his staff as well. What we have today is the Protecting Consumers' Access to Credit Act, a bipartisan piece of legislation that we have both Republicans and the Democrats in the Senate in support of as well as Democrats and Republicans here in the House of Representatives supportive of. The issue we are dealing with is one of the biggest challenges facing our country, which is the decline of lending to consumers and small businesses in small towns and rural communities like the ones I represent in western North Carolina. It is the same issue facing so many in urban settings as well. This touches all of America. But the story in rural America is bleak. Community banks are closing at a rapid pace, and small businesses are struggling to find loans. Many Americans don't have the savings to cover a common $1,000 emergency like a car repair. That is not just a rural issue; that touches all American communities. The good news is, after the financial crisis, innovative companies and banks partnered together to find new ways to help hardworking Americans and small-business owners. They call it fintech.…”