[Congressional Record (Bound Edition), Volume 155 (2009), Part 14]
[House]
[Page 19144]
[From the U.S. Government Publishing Office, www.gpo.gov]




                    CONSUMER PROTECTION REGULATION?

  (Mrs. BIGGERT asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Mrs. BIGGERT. Mr. Speaker, Toni Marie's bakery in my hometown can 
fulfill your chocolate chip cookie cravings or make an elegant wedding 
cake for you, which they did for my kids. Imagine if D.C. bureaucrats 
from a new Federal consumer cookie protection agency require our bakery 
to use only a new Federal cookie recipe and sell one kind of cookie, 
sugar free with no flavor, and only certain customers are deemed 
healthy enough to buy it so they stop going. What happens? The bakery 
is out of business.
  As crazy as it sounds, it's very similar to the Democrats' solution 
to protect us from our future financial disaster. Masked in rhetoric to 
simplify and improve our lives, the proposal creates a new agency to 
tell every community financial business across America which products 
they can and cannot offer to consumers.
  Bigger government and limits on choice won't restore confidence in 
our financial marketplace. Our system needs a stronger, smarter, 
regulatory approach which our Republican plan offers to empower 
consumers, protect against fraud, and preserve consumer choice.

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