On the recordJuly 21, 2011
Mr. Speaker, Congress has an opportunity today to ensure that we protect consumers and American business. Additionally, we have an opportunity to ensure the safety and soundness of financial institutions in the United States. That's what we are also here to do. Reforms to the CFPB are necessary and, I believe, timely. Congress must and has a responsibility to do everything that we can to encourage economic growth, jump-start the free enterprise system and put Americans back to work. Growing our economy and slowing Federal spending will be the best way that we can work together to get our economy back on track, to get out of rising debt and also out of the financial malaise that's underway. This legislation provides for some of these necessary steps. I applaud my colleagues. I thank my colleagues also on the Republican side who were here to not only defend what we're doing but to talk about the need for such action. This bill that we are facing here today has the support of the chairman of the Financial Services Committee, the chairman of the Rules Committee, and I applaud them for providing such an open and transparent process. I also encourage a ``yes'' vote on the rule. I yield back the balance of my time, and I move the previous question on the resolution. The previous question was ordered. The SPEAKER pro tempore. The question is on the resolution. The question was taken; and the Speaker pro tempore announced that the ayes appeared to have it.





