[Congressional Record (Bound Edition), Volume 157 (2011), Part 13]
[House]
[Page 18515]
[From the U.S. Government Publishing Office, www.gpo.gov]




       STOP STALLING ON THE CONSUMER FINANCIAL PROTECTION BUREAU

  (Mr. PRICE of North Carolina asked and was given permission to 
address the House for 1 minute.)
  Mr. PRICE of North Carolina. Mr. Speaker, opponents of financial 
regulatory reform in the Senate continue to prevent the Consumer 
Financial Protection Bureau from fulfilling its legislative mandate.
  The CFPB has been open since July 21, but it's taken 3 months for the 
Senate Banking Committee to advance President Obama's nominee for the 
director of the bureau, Richard Cordray, to the full Senate. Now, 
continuing their strategy of partisan obstructionism, 44 Republican 
Senators have pledged to oppose any Presidential appointee for the 
CFPB, until the bureau's mandate is weakened.
  Such naked obstructionism is a disservice to American consumers and 
the American economy, which is in bad need of certainty after a year of 
artificial crises fomented by the Tea Party-dominated Republican Party.
  The American people are sick of a dysfunctional Congress. We need the 
CFPB at full strength to move our economy forward, protect borrowers 
and consumers, and promote the interests of Main Street over Wall 
Street.
  I call on the Senate to confirm Richard Cordray as director of the 
Consumer Financial Protection Bureau now.

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