Vicente Gonzalez: “Mr. Speaker, after listening to the previous dialog, I must point out that this is a good bill, this is a consumer bill…”

“Mr. Speaker, after listening to the previous dialog, I must point out that this is a good bill, this is a consumer bill, this is not a bill that we have to bring up by a vote of the Committee on Banking and Financial Services 36 to 1 and then hear apologies for. Not at all. Mr. Speaker, the fact of the matter is, the gentleman from Utah [Mr. Hansen] did us a great service when he pointed out that lenders, banks, insurance companies, et cetera, have been ripping the consumer off for years and years to the tune of hundreds of millions of dollars. And then we took his bill, and we asked for a 2-day delay, and we negotiated with the majority to make it not simply a bill which would advise us of the problem, but actually terminate, cancel, these premiums that were no longer warranted, no longer justified, at least with respect to future mortgages. This is the most significant consumer bill brought up in Congress this year. It is probably going to be the most significant consumer bill brought up in Congress during this session and the next session. We should not be apologetic about it. We should rejoice in it, and we should make sure that this is not amended or refined away by the Senate or in conference with the Senate.”