[Congressional Record Volume 156, Number 100 (Wednesday, June 30, 2010)]
[House]
[Page H5281]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        REJECT JOB-KILLING BILL

  (Mr. MORAN of Kansas asked and was given permission to address the 
House for 1 minute.)
  Mr. MORAN of Kansas. Mr. Speaker, I rise in opposition to the job-
killing bill, H.R. 4173, the Dodd-Frank Act of 2010. All this so-called 
financial reform legislation accomplishes is to heap additional 
regulations and burdens upon community financial institutions which, by 
and large, were not the cause of the financial crisis. Even worse, this 
legislation doesn't adequately address the issue of too big to fail for 
Wall Street firms that were the root of the problem.
  The added regulatory cost on the community banks in this bill will 
further slow job growth in our economy. In Kansas, this will especially 
hurt businesses and farmers and ranchers that need loans from their 
community banks to help make payroll and grow their crops. The added 
costs of the regulations and increased capital requirements on these 
financial institutions will lead to an even worse credit market.
  Mr. Speaker, Congress should reject the bill and pass commonsense 
legislation that addresses the problems of Wall Street that caused our 
financial crisis, not add further regulation and costs to Main Street.

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