On the recordMarch 6, 2018
I thank the distinguished chair. Mr. President, first of all, let me thank my good friend, the Senator Indiana, for his great work on this and actually getting rid of half of my speech. I think he started to go through, in very good detail, a number of the new consumer protections that are put into this legislation, and a lot of that is due to his good work. The truth is, in a few days, we may actually do something that hasn't been seen in a really long time--the Senate producing a meaningful piece of legislation with a strong bipartisan coalition. Now, neither side got everything they wanted. I compliment the chairman for his good work, but as my friend from Indiana--you should have seen the original list of wants of the Senator from Idaho. The truth is, we are only here because, at the end of the day, we all went back and recognized the people we work for--our constituents in our respective States and, for that matter, Americans at large--one, they want to see the Senate work; and, two, they want to see it work in a meaningful way to protect people's lives. What this legislation will do is, bottom line, make sure there is more access to capital on Main Street by cutting some of the excessive regulations on community banks and credit unions, as well as a number of the consumer protection items and others that have been put forward. It also provides some relief for regional banks and, as mentioned, major expansion of consumer protections. Let me also step back.…





