| Abuses Of Power |
May 14, 2013 |
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Deb Fischer, R-NE
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"It has been reported that the targeting of these Americans—and muffling of their voices on the pressing issues facing our country—began in 2010. What has happened since then? The passage of very consequential pieces of legislation, including ObamaCare and the Dodd-Frank Financial Reform Act, multiple debates on how to address our Nation’s dire fiscal situation, two national elections, including last fall’s Presidential election."
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| The Case Of Dr. Kermit Gosnell |
May 7, 2013 |
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John Fleming, R-LA
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"Also, a lot of time was spent talking about income disparity. I absolutely agree with my friends that the rich are getting richer and that the poor are getting poorer in America—but President Barack Obama has been our President for the last nearly 5 years. It’s his policies that are creating that situation. In fact, unemployment levels among minorities, particularly Hispanics and African Americans, are at historically high levels. It is because of the policies of Obamanomics, ObamaCare regulations, Dodd-Frank, and the excessive spending that has been occurring in Washington that have led to this problem."
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| The Preserving Access To Manufactured Housing Act |
April 26, 2013 |
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Stephen Fincher, R-TN
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"Earlier this year, the Consumer Financial Protection Bureau (CFPB) issued guidelines as required under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) that expand the range of loan products that can be considered high-cost mortgages under the Home Ownership and Equity Protection Act (HOEPA) without recognizing the uniqueness of manufactured home loans compared to the rest of the housing industry. The new HOEPA guidelines are effective January 2014 and would include many manufactured home mortgages."
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| Marketplace Fairness Act Of 2013 |
April 24, 2013 |
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Angus King, I-ME
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"Overreaching regulation, in my view, is a problem. I believe in structural solutions. I was not a Member of this body, but had I been, I suspect I would have opposed Dodd-Frank and supported the restoration of the Glass-Steagall Act. I think that is a structural solution because regulatory solutions always end up being burdensome."
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| Safe Communities, Safe Schools Act Of 2013—Motion To Proceed |
April 8, 2013 |
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Al Franken, D-MN
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"That is exactly what Congress—and I—did as part of the financial reform legislation in 2010. As part of the Dodd-Frank Wall Street reform act, I proposed a solution with my friend and colleague Senator Roger Wicker of Mississippi. If our provision is implemented in full, it would root out the conflicts of interest from the “issuer pays” model. The amendment Senator Wicker and I offered to the financial reform bill directed the Securities and Exchange Commission to create an independent self-regulatory organization that would select which agency—one with the adequate capacity and expertise—would provide the initial credit rating of each product. The assignments would be based not only on capacity and expertise but also, after time, on their track record. Our approach would incentivize and reward excellence. The current pay-for-play model—with its inherent conflict of interest—would be replaced by a pay-for-performance model. This improved market would finally allow smaller rating agencies to break the Big Three’s oligopoly."
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