[Congressional Record Volume 163, Number 97 (Wednesday, June 7, 2017)]
[House]
[Page H4658]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
``WRONG'' CHOICE ACT
(Mr. KILDEE asked and was given permission to address the House for 1
minute.)
Mr. KILDEE. Mr. Speaker, this week the House considers the ``Wrong''
CHOICE Act, so I have one question for this body: Has this House
completely forgotten how much pain the housing crisis that triggered
the Great Recession has caused the American people?
Eleven million people lost their homes; 8 million Americans lost
their jobs; people lost their life savings--and that was not some sort
of an accident of history. It was the effect of bad policy that allowed
financial institutions to prey upon unwitting customers and take
everything that they have worked for. That is what precipitated this
crisis. It wasn't a storm. It was bad policy.
And so what do we have? A bill that will take us right back to where
we were, to the conditions that caused the financial crisis in the
first place, and take the cop off the beat, essentially eliminating the
Consumer Financial Protection Bureau to protect people.
We cannot do this. Let's reject this bill.
____________________