Political Quotes

“I thank the chairman. I think the compromise language we are considering today strikes the right balance, and I urge my colleagues to support that approach, and I thank the Members for working together to help us to get to this point. Mr. Speaker, those are not my words. Those are the words of the ranking member last year when similar language and similar legislation was coming down and she supported this legislation. So I want to associate myself with her support of this legislation. And why did she do so? Well, because she also said, The provision that we are talking about was something in the bill with section 716 that said ``the House Members were able to consider less carefully than other sections of Dodd-Frank, since the provision didn't come through under regular order in our Chamber.'' In other words, she recognized the fact that this provision in the bill was added late in the dead of night and had never come through committee for consideration. She also realized, and I quote again, that ``legitimate concerns have been raised about whether pushing a significant portion of swaps out of banks is the best way to mitigate against future systemic risk.'' So, again, I wish to associate myself with those words of the ranking member who, in the past, has supported the very same legislation that we have here before us today. And why do she and I both support this legislation? Because it is good for Main Street. It is good for farmers. It is good for small ranchers.…”