On the recordMarch 14, 2018
This is the final amendment to this bill, which will not kill the bill or send it back to the committee. If adopted, the bill will immediately proceed to final passage, as amended, and you are going to love it. My amendment would prohibit Federal agencies that regulate financial institutions from tailoring their regulation of the financial industry at the request of and the personal gain of the President, the President's family members, or senior executive branch officials; something that ought to concern us in light of recent headlines. This is a simple prohibition that in any other era would pass for common sense. Unfortunately, we have become inured to the daily outrages emanating from this White House, and we are learning how much our democracy depends on the morality and ethical behavior of individuals in the absence of institutional restraints. When the President calls his friend to tip him off, if that is what happened, to a major announcement about steel tariffs, and that friend dumps affected stocks, there is no mechanism to prevent that from happening. It just shouldn't happen. Morality and ethics dictate as much. When a senior White House employee repeatedly violates the Hatch Act, allegedly, we depend on the President to punish and rein in that kind of behavior.…





