Roger Williams actually said...

"This is yet another regulatory burden that would only further consolidation in the industry, which I don't think anybody on this witness stand or in this hearing wants to see more of."

"I think a lot of individuals will rethink whether to have a bank account if they think everything they have is being reported to the IRS."

"We would be better off if banks could do what they are supposed to do and be focused on hiring more loan officers to get more money to Main Street businesses, not dealing with increased compliance cos..."

"From an administrative perspective, it would be extremely costly for financial institutions to implement, almost impossible."