Jeb Hensarling: “I thank the gentleman from Michigan for his leadership on our committee and for his leadership in bringing this bill…”

“I thank the gentleman from Michigan for his leadership on our committee and for his leadership in bringing this bill through our committee on a strong bipartisan vote. I have got to tell you, Mr. Speaker, it is with great pride that the House Financial Services Committee just a couple of weeks ago voted out 11 different bills to help American families achieve that coveted goal of financial independence, and part and parcel of that quest, that dream, is the dream of homeownership. Regrettably, there are some people within this body who believe in bipartisanship more in theory than they do in practice. I regret those who supported a bill before they were against it, but that is where we are here today, Mr. Speaker. What we are really about here is trying to ensure that low- and moderate-income people do not have their Federal Government protect them out of their homes, and what we have seen is bad and dumb regulation out of Washington do just that. The goal of consumer protection ought to be to help empower consumers to buy homes they can afford to keep, that we have competitive, transparent, innovative markets that are vigorously policed for forced and fraud and deceptive advertising. That is the vision we have on this side of the aisle, and, frankly, it is at least a vision that some Members on that side of the aisle have as well. So, Mr. Speaker, this is an incredibly modest--it is still important, but an incredibly modest bill.…”