Consumer protection must be done in a smart, tailored, and politically neutral manner.

I am not a big fan of the SIFI designation because I believe it is an implicit designation of an institution being too-big-to-fail.

I want to applaud Congressmen Luetkemeyer and Stivers for their leadership in this issue.

We can no longer settle for the status quo of a flood insurance program that crowds out the private sector in order to subsidize insurance premiums for a few Americans at the expense of the rest of the country.

I think it is disingenuous to say, don't worry about that. I think people are worried about it.

I think it is quite clear that this proposal goes far beyond anything EPA is authorized to do under the Clean Air Act, and I just think that is troubling that a regulatory agency would essentially ignore what Congress has given it…

The Dodd-Frank Act was the most far-reaching financial reform legislation since the Great Depression.

I strongly believe FSOC's structure and its process for designating systemically important firms is fatally flawed.

The identification of nonbank systemically important firms is a serious exercise that has major implications for the competitiveness of U.S. firms and the stability of our financial markets.

We know better decisions are made when you have the best facts.

Thank you, Mr. Chairman, for holding this important hearing titled, 'Why Debt Matters.'