Jeb Hensarling actually said...

You agree, I assume, that the Housing Act, 12 U.S.C. 1711, says that you shall--shall--keep a 2 percent capital reserve.

Hensarling emphasizes the legal requirement for HUD to maintain a 2% capital reserve.

02/10/2015

More Jeb Hensarling Quotes

I think that Dodd-Frank, by creating all of this regulatory power, has created uncertainty and fear in the business community.

At the same time, we are seeing community banks, the drivers of economic growth, continue to struggle under this crushing regulatory onslaug...

It is not just that Dodd-Frank did bad things. Not everything in Dodd-Frank was bad.

But the problem is it gave so much discretionary power to regulators that now we are ruled by regulation.