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House Proceeding 05-07-09 on May 7th, 2009 :: 1:42:20 to 1:44:20
Total video length: 2 hours 19 minutes Stream Tools: Stream Overview | Edit Time

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Patrick T. McHenry

1:42:16 to 1:42:40( Edit History Discussion )

Patrick T. McHenry: that's the point, making sure that people get i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. the gentleman from north carolina. mr. mchenry: as a proponent of the legislation, i have the right to close? the chair: the gentleman from

Patrick T. McHenry

1:42:20 to 1:44:20( Edit History Discussion )
Speech By: Patrick T. McHenry

Patrick T. McHenry

1:42:42 to 1:43:04( Edit History Discussion )

Patrick T. McHenry: north carolina has the right to close. mr. mchenry: pardon me? the chair: the gentleman from north carolina, mr. miller, has the right to close because he is the manager in opposition to the amendment and member of the committee. mr. mchenry: thank you, mr. speaker.

Patrick T. McHenry

1:43:05 to 1:43:28( Edit History Discussion )

Patrick T. McHenry: well, in closing, in summation, my colleague from north carolina has made the argument why you should strike section 3. his quote is yes, we intend to limit choices, mr. speaker. i think that's the wrong attitude this congress should take. the fact is that for those who have less than perfect credit, this section of the legislation

Patrick T. McHenry

1:43:29 to 1:43:50( Edit History Discussion )

Patrick T. McHenry: will hamper their ability to get mortgages and purchase homes. that's the simple fact. in fact, my colleague from north carolina says that yes, they intend to limit choices. they want to eliminate choices in the marketplace for lending and further restricting lending. i think that's the wrong path, mr. speaker.

Patrick T. McHenry

1:43:51 to 1:44:11( Edit History Discussion )

Patrick T. McHenry: i think that's the wrong attitude this congress should take. i think it limits choices for our consumers. and mr. speaker, when this becomes law, if we do not strike this section, members will have to go home and answer to their constituents why can't i get the lending i need to purchase a home?

Patrick T. McHenry

1:44:12 to 1:44:20( Edit History Discussion )

Patrick T. McHenry: and we can point to this very vote on whether or not they're in favor of more options in the marketplace or fewer, restricting choices, restricting

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