Jeb Hensarling

May I inquire how much time I have remaining? The SPEAKER pro tempore (Mr. Stewart). The gentleman from Texas has 3 minutes remaining.

I am prepared to close. I have no other speakers at this time. I reserve the balance of my time.

I am very pleased now to yield 4 minutes to the gentlewoman from Missouri (Mrs. Wagner), the author of the SEC Regulatory Accountability Act and the chairman of our Oversight and Investigations Subcommittee.

It is with great pride and a heavy heart that I yield to the next gentleman. I have a heavy heart because I fear this will be the last time I yield time to the gentleman from Texas (Mr. Neugebauer); but it is with great pride that, for 14…

Both of these fine gentlemen have fought for the cause of freedom and free enterprise and prosperity.

I am proud that the chairman of this subcommittee has been my friend and colleague for 14 years.

But you're never going to be able to fully regulate bad actors. And I hope we look at this with a certain level-headedness as we move forward.

The time of the gentlelady has expired.

Fraud is fraud, theft is theft, and what happened at Wells Fargo over the course of many years cannot be described any other way.

The time of the gentleman has expired.

The time of the gentleman has expired.

I think that you are not looking at the financial instability at all that is coming up.

The most scandalous omission remains FSOC's conspiracy of silence regarding the existential threat posed by America's unsustainable national debt.

The big banks have only grown bigger.

It is disappointing that the Financial Stability Oversight Council has delivered the equivalent of a summer rerun.

I am very pleased to yield 3\1/2\ minutes to the gentleman from Virginia (Mr. Hurt), vice chairman of our Subcommittee on Capital Markets and Government Sponsored Enterprises.

The American people deserve answers.

The American people want to know, did this Administration pay ransom?

Cash is the currency of terrorism. We paid cash to the world's foremost state sponsor of terrorism.

I believe it not to be a good U.S. policy. Otherwise, 4 hostages may lead to 40 hostages, and that may lead to 400 hostages.

Was the cash transaction legal? My guess is if any private citizen had done what this Administration had done, they would be indicted on money laundering.

In a phrase, we need economic growth for all and bank bailouts for none.

One of the principal reasons is the Dodd-Frank Act, a grave mistake Washington foisted upon the American people nearly 6 years ago.

The Financial CHOICE Act rests on the belief that a high level of private bank capital is the most basic element in making a financial system healthy.

It is time for a new paradigm in banking and capital markets.