Political Quotes

“House Resolution 475 provides for a structured rule for consideration of H.R. 3193. This rule makes in order every amendment that complied with House rules, giving House Members of the majority and the minority ample opportunity to participate in today's debate. The legislation before us today takes important steps to restore transparency, accountability, and effective oversight in our Federal regulatory process. Established in 2010 under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau, known as CFPB, is granted the authority to regulate the financial services industry in an effort to limit bad actors and protect consumers from fraud and abuse. Unfortunately, by design--no mistake--the CFPB has virtually zero congressional oversight, limited judicial review, and the unilateral ability to promulgate any rule or regulation it deems appropriate. In essence, it is wholly unaccountable to the American people and to the United States Congress, the men and women who, by the Constitution of the United States, have the authority and the responsibility to represent the American people through elected office. This is not how our government was meant to operate, but this is what former Speaker Nancy Pelosi and House Democrats desperately wanted, control of the financial services industry by one person, one person who answers solely to the President of the United States.…”