Blake Moore: “I do want to thank the chairman for his patience in getting this over the line. Hopefully, the Senate will see it our…”

“I do want to thank the chairman for his patience in getting this over the line. Hopefully, the Senate will see it our way this time. I also want to thank the ranking member, Ms. Waters, for her diligence in working to get this legislation to the floor and, of course, my friend from Ohio (Mr. Stivers), for working with me on this bill. All of them have been tremendous partners. A long, long, long, long time ago, Mr. Stivers shook my hand and said that he would continue to work with me until we got this legislation right, and he made good on his word. I also want to thank my friends on the Agriculture Committee, the gentlewoman from Ohio (Ms. Fudge) and the gentleman from New York (Mr. Gibson). I credit all of these colleagues with helping this bill pass the Financial Services Committee 57-0, and the Agriculture Committee by voice vote. We have a bill that sort of works for everyone: business, consumer groups, and regulators. These central treasury units, Mr. Speaker, are financial affiliates of commercial companies. They are, indeed, the corporate best practices because they permit efficient aggregation of the risk of a corporate entity and provide for a single point of contact between the company and financial counterparties.…”