On the recordJuly 22, 2014
Dodd-Frank has always been based upon a false premise that somehow deregulation or lack of regulation led us into the crisis.
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congress.govDodd-Frank has always been based upon a false premise that somehow deregulation or lack of regulation led us into the crisis.
Hensarling critiques Dodd-Frank's foundational assumptions regarding deregulation and the financial crisis.
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I am now very pleased to yield 2 minutes to the gentleman from Louisiana (Mr. Scalise), the majority whip.
I am pleased to yield 3 minutes the gentleman from North Carolina (Mr. Pittenger), the vice chairman of the Terrorism and Illicit Finance Subcommittee and the author of the FIRRMA bill before us.
Fannie Mae and Freddie Mac were more than mere bystanders in the 2008 financial crisis. They were in fact at the epicenter of that crisis.
Congress needs to do its job. You need to write legislation with more specificity.