I yield 30 seconds to the gentleman from Alabama (Mr. Bachus), the chairman of the committee.

I yield myself 4 minutes. Mr. Chairman, a year ago, the President signed into law the most sweeping financial regulatory reform package in nearly a generation. The centerpiece of the Dodd-Frank Act was the creation of the Consumer…

I yield 1\1/2\ minutes to the gentlewoman from Illinois (Mrs. Biggert), a leader on our Financial Services Committee and chairman of the Insurance, Housing and Community Opportunity Subcommittee.

May I inquire as to the time remaining, please. The Acting CHAIR (Mr. Conaway). The gentlewoman from West Virginia has 9\1/2\ minutes remaining, and the gentleman from Massachusetts has 13\3/4\ minutes remaining.

I would like to say today is a nice day, but we have 9.2 percent unemployment. It is not a day that I want to keep repeating when there are so many people out of work. Mr. Chairman, I yield 1 minute to the gentleman from Virginia (Mr…

I would like to remind the other side that we're not changing, taking any powers away from the CFPB. We're not reforming any of the reach of the CFPB. We are simply looking at the accountability structure of who is going to be governing…

I would like to make a few points in closing. First of all, I want everyone to understand that nothing in this package weakens or changes the ability of the CFPB to make rules and regulations for consumer protection. Now, the ranking…

I think I understand the gentleman from North Carolina's amendment. But I would like to just start, in the 5 minutes that I have, to remind everybody who is on the council that is going to be able to allow sleazy financial products to go…

I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentlewoman from Texas will be postponed. Amendment No. 7 Offered by Mr. Quigley The Acting CHAIR. It is…

I claim the time in opposition, but I am not opposed to the gentleman's amendment. The Acting CHAIR. Without objection, the gentlewoman from West Virginia is recognized for 5 minutes. There was no objection.

I claim time in opposition, but I am not opposed to the gentlelady's amendment. The Acting CHAIR. Without objection, the gentlewoman from West Virginia is recognized for 5 minutes. There was no objection.

No, I will not. So I say to myself, what kind of priority is this administration putting on this marquis part of the Dodd-Frank bill? I yield 3 minutes to the gentleman from Texas (Mr. Hensarling), our vice chair.

I would like to yield 6 minutes to the chairman of the full committee, the gentleman from Alabama (Mr. Bachus), and I thank him for his leadership on this bill and many others.

I would just like to tell the gentleman I support his amendment. I think it lends itself, again, to transparency and full accountability. I thank him for bringing it forward. Good work from the gentleman from Oklahoma.

I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentlewoman from New York will be postponed. Amendment No. 3 offered by Mr. DeFazio Mr. DeFAZIO. Mr…

I am opposed to the amendment offered by the gentlelady, my ranking member. We work really well together, I think, on the subcommittee. We obviously have differences, and this is one. The portion of the bill that she's talking about is…

I claim time in opposition to the amendment. The Acting CHAIR. The gentlewoman from West Virginia is recognized for 5 minutes.

I would like to thank the gentlewoman for her amendment. I would like to also highlight, in the Dodd-Frank bill, and I'm sure she is well aware of some of the provisions that are already being made through the CFPB for multilingual…

I would like to congratulate the gentleman on an amendment that provides for sunshine and transparency. When we did the markup, we actually had another amendment along the same lines. I would support the gentleman's amendment. I yield back…

What we have done in our bill, as the gentlewoman said, is to give the FSOC as much time as necessary to evaluate the effects of the CFPB rule. It's easy to imagine, under any scenario, that some of the effects, good effects or bad…

I appreciate the gentlelady's passion for this. And I would like to say that as the 90-day rule stands right now, it doesn't say that the rule can't go forward. It simply says that the ability to have a look back to what consumer rules or…

I thank the gentleman for the clarification. I didn't address that in my statement, and you're absolutely right. But I would just continue to oppose the gentleman's amendment. I yield back the balance of my time. Mr. DeFAZIO. Mr. Chairman…

I yield to the gentleman from Oregon. Mr. DeFAZIO. I think there is a misunderstanding. They can serve on the board. It's just that if a proposal comes up that directly affects their previous employer and they have been on the board less…

I would like to tell the gentleman I really see what he's getting at here. And I do think that some of his ideas have merit because of the revolving door appearance of--and in reality probably in some cases preconceived opinions. But I…

Thank you. I would like to thank my colleagues here today for the opportunity to talk about something that is extremely important to every woman in America, every person in America. It is not really a man or woman thing, or a child or a…