Mr. Speaker, I rise today to congratulate Hayward High School's Lady 'Canes for winning the WIAA State Hockey Championship. In only their sixth year of playing varsity-level hockey, the Lady 'Canes defeated the Onalaska Hilltoppers in a…
Sean Duffy
The Public Record
Sean Duffy is a Republican politician from Wisconsin who served as a member of the U.S. House of Representatives from 2011 to 2019. He represented Wisconsin's 7th congressional district, where he focused on issues such as economic development, job creation, and reducing government regulation. Duffy is known for his advocacy of conservative policies and his efforts to engage with local communities. Before his political career, he gained recognition as a television personality and a former professional athlete.
So when there is a conflict between what the directive of Congress was and then its interpretation by the Fed, FSOC will go forward with the interpretation of the Fed, as opposed to what Congress has specifically delineated in Dodd-Frank.
Congress was very focused and very concerned about an expansion of this law to encompass companies that have nothing to do with the financial sector.
Is it possible that FSOC will come out with its non-bank SIFI designations before the Fed submits its final rule and definition?
My concern is that the Fed's definition of 'predominantly engaged in financial activity' is going to cast potentially a far wider net.
Per Dodd-Frank, a non-bank SIFI designation must meet the definition of 'predominantly engaged in a financial activity.'
Mr. Speaker, I appreciate the gentleman for yielding. My good friends across the aisle talk about loopholes and tax reform. They might forget that over the last 2 years, this House and this party have put forward legislation that does away…
I look at this and I see the lights going off, the sirens are blaring, and I am almost setting a proverbial can on my counter and you are kicking it saying, listen, don't worry about $85 billion in cuts; do it a different day.
I think you are giving cover to a set of policies that aren't responsible, and we are all going to pay the price for the fiscal irresponsibility.
There is fat in the budget, and I think every American looks at how we spend our money and they say, I can cut 2 percent out of my family budget, small businesses can say, I can cut 2 percent out of my budget.
Mr. Speaker, on that I demand the yeas and nays. The yeas and nays were ordered. The SPEAKER pro tempore. Pursuant to clause 8 of rule XX, this 15- minute vote on the motion to adjourn will be followed by a 5-minute vote on approval of the…





