Political Quotes

“I yield myself such time as I may consume. I'm going to have to stand up for what we're here for today, and that is, Madam Speaker, that after this bill was passed, it took almost one year for the President to appoint the person who would run the CFPB. The person who runs the CFPB is required to have Senate confirmation. During Senate confirmation--and it's a process that takes place for senior administrators who run our government--during that period of time this person who is nominated by the President would be expected to come in on behalf of the agency as a result of understanding their mission statement and the things that they do and would be expected to come to the United States Senate and to express their ideas. This is a brand new agency. How it would be run, what their mandate would be, how they would manage the assets and resources not only of the agency but how they viewed that mission statement vis-a-vis the industry. The President took a year to nominate this person. That person has not even begun their hearings. I think, and this is what Republicans think, and this is what our bill says today. I know the gentleman, Mr. Frank, said, Oh, no, Republicans have something far greater and bigger. It's that they don't want this agency. Well, perhaps we don't want the CFPB. Perhaps we don't. But that's not what we're here today saying.…”