Jeb Hensarling: “I yield myself the balance of the time. Mr. Speaker, ever since the Dodd-Frank law was passed, none of the promises that…”

“I yield myself the balance of the time. Mr. Speaker, ever since the Dodd-Frank law was passed, none of the promises that were made have been kept. It didn't end too big to fail. Big banks have gotten bigger. Small banks have gotten fewer. Working Americans continue to fall behind. They have seen their paychecks either remain stagnant or shrink. They have certainly seen their bank accounts shrink. After Dodd-Frank, we have seen free checking at banks cut in half. Since other financial laws of the Obama administration have been passed, we have seen 15 percent fewer credit card offerings, and on average, many of them have increased by 2 percentage points in cost, hurting working Americans who need access to credit. For purposes of the debate today, Mr. Speaker, what is undeniable is that we are losing a community financial institution a day in America. As we lose those financial institutions, we are also losing the hopes and dreams and financial security of millions of our fellow countrymen, particularly those who live in rural areas, like huge portions of the Fifth District of Texas that I have the honor of representing in Congress. I keep on hearing the ranking member talk about a ``deal,'' something from the last Congress. The last time I read my Constitution, there is nothing to say that because one Congress acted on a matter, another Congress can't act on a matter.…”