On the recordDecember 12, 2012
The amended version of H.R. 5817 represents compromise language that addresses concerns raised by some Members about the last section of the bill, which provided certain regulatory relief to State-licensed financial institutions. The bill before the House today is substantially the same as the legislation that passed the House by voice vote in April 2010, and we actually debated this bill a week ago. I would like to thank the sponsors of H.R. 5817, Mr. Luetkemeyer, Mr. Sherman, Mrs. Maloney, Mr. Capuano, and Mr. Frank, for agreeing to this compromise language. With that, I reserve the balance of my time.
