Rubén Hinojosa: “However, due to their financial trouble in recent years, we have seen attempts to not just reform them, but wind them…”

This H.R. 692 is nothing but default by another name. Moreover, adding insult to injury, H.R. 692 mandates that we pay foreigners instead of American servicemembers and veterans.

It is absolutely essential to have a bird's-eye view of our financial system, in order to identify and prevent systemic risks from destabilizing our entire economy.

We sell our families short when we accept that high-interest loans are the best we can do for our communities.

I thank the gentleman. I gladly accept his offer, and I look forward to working together to promote financial literacy, especially with respect to auto financing. Mr. Chairman, I urge my colleagues to support H.R. 1737.