Shelley Moore Capito

I now would like to yield as much time as he may consume to the gentleman from Kentucky, Congressman Barr, the author and sponsor of this legislation.

I have no further speakers. I am prepared to close, so if the gentlelady would like to close, then I will follow.

I would now like to yield such time as he may consume to the gentleman from Ohio (Mr. Stivers), the author of this bill.

Next I yield 1\1/2\ minutes to the gentleman from Louisiana (Mr. Scalise), a great advocate for this bill and for his State.

Your real job there was not to inspect the safety of the tank. It was to respond to complaints, odor complaints and such.

Had you had inspectors on the site at all previously?

I thought that was poor taste, but I am glad that you apologized for that as well.

Oh, the specific tank was not----

So that is not an unexpected result, with the hot water you would smell it more prominently?

So I guess the frustration I am feeling is that we can't come to that specific term where everybody could have that assurance.

Like everyone in this room and everyone in this community, we just want to have the confidence that the water coming out of our faucets is safe, and our families are safe as well.

Our community is angry, anxious, and we need answers to how the spill occurred, the health effects, and how we can help prevent it from happening again.

The chemical spill occurred just a few miles from where we sit, and it had a devastating effect on 300,000 people in a 9-county region.

Young families have babies. They have formula they are making with the water. Why just pregnant women?

I have chosen not to endorse legislative proposals yet, until after this hearing and hearing first directly from those at this hearing to ensure that our efforts in Congress are as thorough as possible.

No one discounts the complexity of the rule and the probability that there would be significant unintended consequences.

The final rule is having a measurable impact on Main Street businesses and financial institutions.

Two months ago, the agencies testifying before our subcommittee released the final Volcker Rule.

I want to go to the issue that I talked about in my opening statement, which was the issue of the CDOs and the TruPS and how that ended up in the final rule.

I would heavily encourage you to do that, but there are other programs out there that don't have the voice that Habitat had who are--deeply affected by this.

I would encourage you to do it.

Do you think these can be solved in your space or is it--legislation?

We are ready to do that. What is your response to that?

They still don't feel like they are on firm ground in terms of the rules to be able to move forward with their programs.

Community bankers and credit unions are very concerned about their ability to offer targeted programs to help low- and moderate-income borrowers.