[Congressional Record Volume 144, Number 31 (Thursday, March 19, 1998)]
[Extensions of Remarks]
[Pages E434-E435]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          AMENDMENT TO H.R. 10

                                 ______
                                 

                            HON. TOM BLILEY

                              of virginia

                    in the house of representatives

                        Thursday, March 19, 1998

  Mr. BLILEY. Mr. Speaker, elsewhere in the Congressional Record today, 
an amendment in the nature of a substitute to H.R. 10, the Financial 
Services Act of 1998, was filed by James Leach on behalf of both the 
Banking Committee and the Commerce Committee.
  This legislation is the culmination of 20 years of work, and 
represents our best opportunity to enact meaningful financial 
modernization and consumer protection this term. We have tried to work 
on a bipartisan basis where possible, and have enjoyed extensive input 
and involvement from affected businesses and consumer groups throughout 
the process. While everyone had to make compromises to move this bill 
forward, we have achieved our fundamental goals of functional 
regulation, increased competition on a level playing field,

[[Page E435]]

no expansion of taxpayer subsidies, and enhanced consumer protection 
and opportunities.

                          ____________________