Jeb Hensarling

I claim the time in gentle opposition. The Acting CHAIR. The gentleman from Texas is recognized for 5 minutes.

Reclaiming my time. I appreciate the gentleman's pushback, but I am still not going to quite see things his way. I believe that the gentleman from Michigan strikes the proper balance here, particularly at a time when, again, our working…

As persuasive as my friend is from Texas, he wasn't quite persuasive enough. At this particular moment, I continue to oppose the amendment of from the gentleman from Texas. I yield back the balance of my time. The Acting CHAIR. The…

I listened carefully to the gentleman from Minnesota. He makes a number of important points. We have had this discussion previously. I know the gentleman from Minnesota is aware of my commitment that, within the committee, we will have a…

I think the comment period does need to be reopened. It is an important issue. Voices need to be heard. The gentleman from California is now batting a thousand. I am not sure if he has any other amendments. He may be pressing his luck…

We all know on this House floor there is not enough we can ever do for our veterans, the brave men and women who served us in uniform. I think that the author of the amendment, in attempting to get HUD and the VA to work more closely…

I appreciate the gentleman from Vermont. I appreciate his amendment. I think that this helps equalize for a number of Section 8 users the ability to use manufactured housing to help equalize this with other housing options. So I think it…

I listened very carefully to the gentlewoman's comments on the floor. I am prepared to accept the amendment. She makes some reasonable arguments. I urge its adoption. I yield back the balance of my time.

I thank the gentlewoman from Alabama for her amendment. It is a bipartisan amendment. She makes some good points. We are happy to accept it. As long as I am here, I would like to point out to the distinguished ranking member that anytime…

Thank you for your forbearance, Mr. Chairman, on the time. I yield back.

We are the ones who are actually elected representatives of the American public.

FSOC's budget is not subject to congressional approval, removing yet another check and balance to its immense power.

It erodes agency independence and harms accountability.

This structure clearly injects partisan politics into the regulatory process.

Unfortunately, it is also one of the least transparent and least accountable.

FSOC is clearly one of the most powerful Federal entities ever to exist.

Financial regulators possessed every regulatory power to prevent the 2008 financial crisis, but failed to do so.

I thank the gentleman for yielding. I want to urge all Members of the House to adopt his amendment. With respect to full transcripts of the FOMC meetings, all this is doing is simply codifying a current practice. It is simply to make sure…

I want to thank the gentleman from Florida for his amendment. I rise in support of the amendment. The FORM Act provides for GAO audits of the Federal Reserve but is silent as to the frequency of when audits should occur. I think the…

Just to throw my friend and colleague a curve ball, I will support his amendment. Although, I must admit, I am somewhat surprised and shocked, given the debate of the last, that he would want to interfere in the independence of the Fed and…

I urge a rejection of the amendment. I yield back the balance of my time.

Again, it is up to the Fed. You can't argue this both ways. The FORM Act is not imposing a rule. The Fed says that it is data dependent. What is the data? What is the reaction function? Tell us what you are doing. If you decide tomorrow…

Whether you call it a rule or a method or approach, the Fed is already doing something. They are looking at variables, and they are making decisions. All we are asking is that they communicate that to the rest of the American people. Ask…

May I inquire as to how much time is remaining on both sides? The Acting CHAIR. The gentleman from Texas has 4\1/2\ minutes remaining. The gentlewoman from California has 13 minutes remaining.

The gentlewoman from Alabama is a valued member of the Committee on Financial Services. The absolute worst thing I could say about her amendment is it might be redundant. Hopefully it is. But if it is not, we want to simply clarify, again…