Pete Sessions: “I rise in opposition to this closed rule and the underlying bill. Today, we are considering a 2,300-page Federal…”

“I rise in opposition to this closed rule and the underlying bill. Today, we are considering a 2,300-page Federal takeover of the financial services industry. This happened in health care. It's now happening in financial services. The bill before us today is just one more piece of the Democrat majority's agenda to Federalize more of the private sector of this country. I hear that as I travel in my district. While it's important to provide consumer safety and security in the marketplace and to minimize the chance of another financial crisis, I oppose this bill. I oppose this bill, and the underlying legislation holds many far-reaching consequences for the American economy and prohibits the ability of business, small and large, to create jobs and spur economic growth. Obviously, this bill, because it's done by the Democrat majority, will be 2,300 pages; obviously, because this bill is done by the Democrat majority, it will involve new Big Government plans, programs; and, obviously, because it's the Democrat majority, it will involve more taxes, fees, and in fact it's $18 billion worth of new spending through these fees and taxes.”