Political Quotes

On the recordJune 12, 2013
I thank the gentleman from Texas, and the bipartisan manner from Mr. Carney and Mr. Scott as well, working together to get this bill passed. And I am welcome to the debate that we are having here, but I do find it amazingly ironic that I have to come to the floor and stand here in the position of former Member Barney Frank and defend Dodd-Frank to the allegations from the other side of the aisle to the idea that there's some sort of escape hatch here, or a pole blown out, or that we're outsourcing regulation, when, in fact, if you read the legislation, you'll realize it does none of those things. Now, I understand that Dodd-Frank was a piece of legislation that was well over 2,000 pages, and maybe some who voted in favor of it did not understand the complexity of it and what was involved; but the bill before us today is only 11 pages long, so everyone should be able to have read it and understand it. So when the gentleman from Massachusetts refers to section 722(d) being affected by it and other portions of Dodd-Frank being changed by it, he should understand, by reading the 11 pages, none of Dodd-Frank or 722 or those other sections were altered in one way, shape, or form or other.…
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Thomas A. Garrett
Virginia

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