Sean Duffy

I commend you for that. And I know that you recognize this, but 63 percent of Americans don't have enough in their savings account to cover a $500 emergency expense.

It is time for Congress to advance a broader capital formation agenda.

I thank Chairman Hensarling for all of his work on Dodd-Frank reform. I think it is important that we look back. When Dodd-Frank passed, it was passed with a blindfold over our eyes, because the studies weren't even done about what the…

I want to thank Congressmen Sean Duffy and Gregory Meeks for their bill, H.R. 4015, the Corporate Governance Reform and Transparency Act.

Regulatory tape is preventing small businesses from realizing their full potential.

I would also like to thank Representative Duffy for H.R. 5756, which would adjust certain resubmission thresholds for redundant shareholder proposals that burden many small biotechs.

I am not sure--as you are speaking about foster care, I am sure you know of Congressman Mike Turner's bill that we had a hearing on recently that will bridge our kids coming from foster care to make sure they have housing.

I think people are better off if we care about people's lives and what gives them worth to make sure we give them a roadway to self-sufficiency.

I want to reiterate that I truly believe we don't evaluate and measure the success of these programs by how much money we spend.

Help get people job training. Help get people a job. Help move them hopefully off the system.

But, isn't fair it to say that the Government is the parent of the child. In the end when they--

I believe that the measures of success of our Federal Government programs shouldn't be how much money we spend to alleviate poverty.

But do you see--does the panel see a problem generational poverty?

I want to thank you for your insightful feedback on my bill.

If we see kids in foster care--and one in five are falling into homelessness. This is a significant risk.

It seems fairly evident that if poverty is caused by a lack of employment, we should figure out ways to move people to opportunities.

I want us to say, we have to bite the bullet on housing, and we have to put up the money and the resources to do it.

I thank the chairman for yielding time to me. Mr. Speaker, I want to congratulate Mr. Hill on putting together such a great bill, the Volcker Rule Regulatory Harmonization Act, a bill that you might not know from this conversation has wide…

I think we can't deny the fact that, when you want to buy a house, you have to have a salary. You have to have a job. As the President likes to point out, the unemployment rate for the African-American and the Hispanic communities, of…

I would argue there are a great number of those people who were getting loans that were subsidized by the Government because of Government policy that put people in homes they couldn't afford.

And so, when you are a party in power with a President who can appoint the director, this in line maybe with your view point, you applaud the director because you think they are great.

I thank the chairman for yielding. Mr. Speaker, I would just note that the Orderly Liquidation Authority is an authority to bail out big banks, consistent with the bailout that the ranking member voted for in, I believe, 2008, that the…

This bill ensures that there is an open forum for these institutions to discuss the examination procedures, practices, and policies without fear of reprisals. It gives them a little bit of freedom. Importantly, the office would also review…

I don't think that is the intent of anybody on this committee.

I don't think anyone says Dodd-Frank is perfect. And I think this is a recognition that there could be some tweaks and modifications to make it work better.