12:11 PM EST

Jeb Hensarling, R-TX 5th

Mr. HENSARLING. Madam Speaker, I listened carefully to the motion to recommit. I suppose I have some good news for the gentleman who offered it, and that is there are numerous bad actor provisions already within our Federal securities law. So, with the possible exception of the unconstitutional power grab of our President in granting amnesty and possibly allowing new bad actors to enter our country, I think that the motion to recommit is probably largely irrelevant.

Let's get down to the substance of the matter, and that is, Madam Speaker, here is an idea that is worthy of the American people. That idea is: Why don't we work on a bipartisan basis to promote job creation and reduce small business burdens?

That is exactly what H.R. 37 does. We all know it is a rollup of 11 simple, modest bills, all of which have passed this body with huge, huge bipartisan support. H.R. 634 passed 411-12; H.R. 5471 passed by voice vote; H.R. 801 passed 417-4; H.R. 2274, 422-0, Madam Speaker.

So this passed in the last Congress. Unfortunately, Senator Reid didn't take it up. Maybe one of the reasons that his party lost the last election is because of the obstruction that the former Senate majority leader imposed on the American people.

Last week, it came within a dozen votes of passing. It would have passed, Madam Speaker, but so many of my friends on the other side of the aisle apparently were for it before they were against it, and they changed their vote. So why the change of heart? Madam Speaker, there was a change of heart because the left hand doesn't know what the far left hand is doing.

Three of these bills represent very modest clarifications or modifications of the 2,000-page Dodd-Frank Act. And to the ultraleft, the ultraliberal friends, Dodd-Frank is no longer policy. It is no longer philosophy. It is an article of religious faith. It is sacred text. It was chiseled in stone. It came down from Mount Sinai.

Meanwhile, the community banks and the Main Street businesses that [Page: H395]

are trying to put America back to work are suffering under the sheer weight, load, volume, complexity, and cost of the regulatory burden that has been imposed by our friends on the left.

The left aims their rhetoric at Wall Street, but they vote against Main Street. The hardworking American families and those who want to work become collateral damage. Main Street doesn't want to occupy Wall Street; they just want to quit bailing it out. And that is what we need to do, Madam Speaker.

So it is time to get America back to work. It is time to work on a bipartisan basis. It is time to grow this economy from Main Street up, not Washington down. Reject the MTR. Vote in favor of promoting job creation and reducing small business burdens.

I yield back the balance of my time.

[Time: 12:15]

12:11 PM EST

Jeb Hensarling, R-TX 5th

Mr. HENSARLING. Madam Speaker, I listened carefully to the motion to recommit. I suppose I have some good news for the gentleman who offered it, and that is there are numerous bad actor provisions already within our Federal securities law. So, with the possible exception of the unconstitutional power grab of our President in granting amnesty and possibly allowing new bad actors to enter our country, I think that the motion to recommit is probably largely irrelevant.

Let's get down to the substance of the matter, and that is, Madam Speaker, here is an idea that is worthy of the American people. That idea is: Why don't we work on a bipartisan basis to promote job creation and reduce small business burdens?

That is exactly what H.R. 37 does. We all know it is a rollup of 11 simple, modest bills, all of which have passed this body with huge, huge bipartisan support. H.R. 634 passed 411-12; H.R. 5471 passed by voice vote; H.R. 801 passed 417-4; H.R. 2274, 422-0, Madam Speaker.

So this passed in the last Congress. Unfortunately, Senator Reid didn't take it up. Maybe one of the reasons that his party lost the last election is because of the obstruction that the former Senate majority leader imposed on the American people.

Last week, it came within a dozen votes of passing. It would have passed, Madam Speaker, but so many of my friends on the other side of the aisle apparently were for it before they were against it, and they changed their vote. So why the change of heart? Madam Speaker, there was a change of heart because the left hand doesn't know what the far left hand is doing.

Three of these bills represent very modest clarifications or modifications of the 2,000-page Dodd-Frank Act. And to the ultraleft, the ultraliberal friends, Dodd-Frank is no longer policy. It is no longer philosophy. It is an article of religious faith. It is sacred text. It was chiseled in stone. It came down from Mount Sinai.

Meanwhile, the community banks and the Main Street businesses that [Page: H395]

are trying to put America back to work are suffering under the sheer weight, load, volume, complexity, and cost of the regulatory burden that has been imposed by our friends on the left.

The left aims their rhetoric at Wall Street, but they vote against Main Street. The hardworking American families and those who want to work become collateral damage. Main Street doesn't want to occupy Wall Street; they just want to quit bailing it out. And that is what we need to do, Madam Speaker.

So it is time to get America back to work. It is time to work on a bipartisan basis. It is time to grow this economy from Main Street up, not Washington down. Reject the MTR. Vote in favor of promoting job creation and reducing small business burdens.

I yield back the balance of my time.

[Time: 12:15]

12:11 PM EST

Jeb Hensarling, R-TX 5th

Mr. HENSARLING. Madam Speaker, I listened carefully to the motion to recommit. I suppose I have some good news for the gentleman who offered it, and that is there are numerous bad actor provisions already within our Federal securities law. So, with the possible exception of the unconstitutional power grab of our President in granting amnesty and possibly allowing new bad actors to enter our country, I think that the motion to recommit is probably largely irrelevant.

Let's get down to the substance of the matter, and that is, Madam Speaker, here is an idea that is worthy of the American people. That idea is: Why don't we work on a bipartisan basis to promote job creation and reduce small business burdens?

That is exactly what H.R. 37 does. We all know it is a rollup of 11 simple, modest bills, all of which have passed this body with huge, huge bipartisan support. H.R. 634 passed 411-12; H.R. 5471 passed by voice vote; H.R. 801 passed 417-4; H.R. 2274, 422-0, Madam Speaker.

So this passed in the last Congress. Unfortunately, Senator Reid didn't take it up. Maybe one of the reasons that his party lost the last election is because of the obstruction that the former Senate majority leader imposed on the American people.

Last week, it came within a dozen votes of passing. It would have passed, Madam Speaker, but so many of my friends on the other side of the aisle apparently were for it before they were against it, and they changed their vote. So why the change of heart? Madam Speaker, there was a change of heart because the left hand doesn't know what the far left hand is doing.

Three of these bills represent very modest clarifications or modifications of the 2,000-page Dodd-Frank Act. And to the ultraleft, the ultraliberal friends, Dodd-Frank is no longer policy. It is no longer philosophy. It is an article of religious faith. It is sacred text. It was chiseled in stone. It came down from Mount Sinai.

Meanwhile, the community banks and the Main Street businesses that [Page: H395]

are trying to put America back to work are suffering under the sheer weight, load, volume, complexity, and cost of the regulatory burden that has been imposed by our friends on the left.

The left aims their rhetoric at Wall Street, but they vote against Main Street. The hardworking American families and those who want to work become collateral damage. Main Street doesn't want to occupy Wall Street; they just want to quit bailing it out. And that is what we need to do, Madam Speaker.

So it is time to get America back to work. It is time to work on a bipartisan basis. It is time to grow this economy from Main Street up, not Washington down. Reject the MTR. Vote in favor of promoting job creation and reducing small business burdens.

I yield back the balance of my time.

[Time: 12:15]