Political Quotes

“Thank you, Mr. Chairman. H.R. 3010, seductively titled the Regulatory Accountability Act, would block every single new or pending Federal regulation, including those regulations which Congress has already directed agencies to write. This bill would neuter the Dodd-Frank Wall Street reforms protecting consumers; it would block tougher food safety oversight responding to last year's salmonella outbreak; and it would gut public health laws, jeopardizing clean air and water and workplace safety. It would effectively repeal 25 separate public health, consumer protection, and environmental laws Congress has already passed. No wonder the Statement of Administration Policy noted that the President would veto the bill if passed. With this legislation, the House Republican leadership has now attempted to pass more than 170 pieces of legislation, riders and amendments to attack public health and the environment; but H.R. 3010's impacts would not stop here. The Consumer Financial Protection Bureau and Securities and Exchange Commission would not be able to implement consumer protections mandated by law, including commonsense rules like prohibiting investment banks from betting against their own clients on the stock market. The EPA would not be able to complete the toxic air pollution control rule which Congress directed it to implement 21 years ago.…”