On the recordFebruary 4, 2016
I appreciate the chairman yielding. I am grateful for Chairman Luetkemeyer's work on this important issue. Our financial systems are the bedrock of our economy. When financial systems work, our economy works. And we have seen when our financial system doesn't work, things come crashing down. To make sure our financial system is safe and sound, we have empowered regulators to keep an eye over it, to make sure we don't do things that are too risky that can endanger the financial system and then, therefore, the economy. One of the problems, though, is that those regulators have stepped outside that traditional role and have tried to impact policy decisions that should be made in this institution by rules and regulations that come out from their oversight capacity. I look at the liberals, or it might be the progressives, inside the FDIC who, in line with the administration, said: I don't like gun dealers, I don't like ammunition manufacturers. Who cares about the Second Amendment? I don't like them. Now, if you don't like guns and you don't like ammunition and you don't like short-term lenders, if you want to get rid of those things, have a debate about it. Have an argument. Introduce a bill, and let's vote on it. Let the American people see it. But the administration knows they will lose because most Americans like their guns, they like their Second Amendment.…
