Sean Duffy: “I appreciate the gentleman for yielding to me. I thank him for his support in regard to my legislation and for all the…”

“I appreciate the gentleman for yielding to me. I thank him for his support in regard to my legislation and for all the work he does on Financial Services, as well as the support from the chairman and ranking member of the Committee on Financial Services. I am grateful to them as well. As we gather in this Chamber, I don't think it is very often that we come in in a kumbaya moment in regard to the Consumer Financial Protection Bureau. I think those who follow our committee would recognize that there are a few differences in how the CFPB is structured and how it should move forward. We have had that debate. All of us agree that consumers should be protected, and they should have a strong advocate in that protection. Though we have disagreed on some elements of the CFPB, I am proud today that we have a bipartisan group coming in talking about some straightforward reforms that make some of the rules from the CFPB work a lot better and help consumers out, help Americans out, help our constituents out. In regard to my bill, in the last Congress, I tried to go to one of the advisory committees at the CFPB. Now, most of these are usually open in government. There are only a couple of exceptions. If you work at the CIA, the CIA doesn't open up their advisory committee meetings for obvious purposes and reasons; and the Fed, with the FOMC, when they are setting monetary policy, they too don't open up their meetings, community advisory meetings, for obvious purposes.…”