Jeb Hensarling: “Again, with all due respect, Mr. Secretary, we have heard that before.”

As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.

If we ignore that basic fact, we are willfully disregarding history, and we are bound to repeat history.

I believe when that inquiry is finished, it will result in the same written report that we have issued 103 times, previously.

I would just point out again, all this bill does is extend for 6 months the current policies of the NFIP. Not one single policy of the NFIP is changed in this bill. Mr. Speaker, I yield such time as he may consume to the gentleman from…