Jeb Hensarling

Mr. HENSARLING

Mr. HENSARLING. Mr. Speaker, it is an honor to recognize Captain Jerry Lynn Tate for his courageous service to our country. While Captain Tate enjoys his retirement in Mabank, Texas, his exemplary military career leaves a far-reaching legacy of true, American exceptionalism. Captain Tate joined the United States Army after graduating from the University of Oklahoma's Army ROTC. He was commissioned as a Second Lieutenant in January of 1967. Upon basic training and studies, Captain Tate was an instructor in the Armor School of Topographic Studies at Fort Knox. He went on to earn his Army Aviator Wings and received 18 Air Medals for meritorious achievement while participating in flight support for combat ground forces throughout the Republic of Vietnam. As a pilot as well as an instructor in the Grumman OV-1 Mohawk, Captain Tate flew 945 hours and 315 missions in combat. He also received both the 1,000 and 2,000 hour plaque from Grumman Aerospace, commemorating his accident-free flying hours. There is no doubt that Captain Tate saved countless lives during his outstanding service to our country. His acts of bravery were commemorated with many awards and decorations, including the Bronze Star Medal. Upon his release from active duty as an instructor pilot and flight commander at Fort Rucker, Captain Tate went on to have a successful career as a pilot for Delta Air Lines for 33 years. Humbly, I echo the words of President Ronald Reagan, ``We will always remember. We will always be proud. We will always be prepared, so we will always be free.'' And humbly, I offer my sincere gratitude to Captain Jerry Lynn Tate for his service and acts of bravery that allow us the freedoms we enjoy today.

Mr. HENSARLING

Mr. HENSARLING. Mr. Chairman, apparently the gentleman forgot that the big Wall Street banks also oppose this, according to the Wall Street Journal, Washington Post, and New York Times. And I am now very happy to yield 1 minute to the gentleman from North Carolina (Mr. Pittenger).

Mr. HENSARLING. Mr. Speaker, on that I demand the yeas and nays.

Mr. HENSARLING. Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend their remarks and submit extraneous materials on the bill, H.R. 10, the Financial CHOICE Act of 2017.

Mr. HENSARLING. Mr. Chairman, I yield 1 minute to the gentleman from California (Mr. McCarthy), a gentleman on leave from the Financial Services Committee and one we proudly call our own.

Mr. HENSARLING. Mr. Chairman, I yield myself 10 seconds just to say that perhaps the gentlewoman from California is unaware that the VFW has tweeted that it lauds Representative Hensarling for a commitment to protect veterans, and then: We are so happy that the Financial CHOICE Act has been endorsed by over 100 groups, including the Concerned Veterans for America, because of what we do to protect their freedoms. At this point, I am very happy to yield 1 minute to the gentleman from Florida (Mr. Ross), a proud member of our committee.

Mr. HENSARLING. Mr. Chair, I yield 1 minute to the gentleman from New Jersey (Mr. Lance).

Mr. HENSARLING. Mr. Chairman, may I inquire how much time is remaining on either side?

Mr. HENSARLING. Will the gentleman yield?

Mr. HENSARLING. Mr. Chairman, I yield 1 minute to the gentleman from Tennessee (Mr. Kustoff), a new member of our committee.

Mr. HENSARLING. Mr. Chair, I would like to thank both gentlemen for their steadfast leadership on this issue. Basic economics tell us that when government fixes market prices, consumer welfare suffers. So it is not a surprise that researchers have found that the Durbin amendment resulted in a net loss of perhaps $25 billion for consumers. But in a larger sense, what we have is a legal dispute between two parties. This is an issue that belongs in the courts, not Congress, which is why we sought to repeal the Durbin amendment. I remain hopeful that Congress will correct this mistake, and I will work towards that goal in the future.

Mr. HENSARLING. Mr. Chairman, I yield 2 minutes to the gentleman from New Mexico (Mr. Pearce), who is the chairman of the Terrorism and Illicit Finance Subcommittee.

Mr. HENSARLING. Mr. Chairman, I yield 2 minutes to the gentlewoman from Missouri (Mrs. Wagner), who is a fighter on our committee. She is the chair of the Oversight and Investigations Subcommittee.

Mr. HENSARLING. Mr. Chair, I yield 1 minute to the gentleman from Colorado (Mr. Tipton).

Mr. HENSARLING. Mr. Chairman, I yield 2 minutes to the gentleman from Wisconsin (Mr. Duffy), the chairman of the Housing and Insurance Subcommittee.

Mr. HENSARLING. Mr. Chairman, at this time I proudly yield 1 minute to the gentleman from Wisconsin (Mr. Ryan), the distinguished Speaker of the House.

Mr. HENSARLING. Mr. Chairman, I yield 2 minutes to the gentleman from Kentucky (Mr. Barr), who is the chairman of the Monetary Policy and Trade Subcommittee.

Mr. HENSARLING. Mr. Chairman, to better balance the time, I reserve the balance of my time.

Mr. HENSARLING. Mr. Chairman, I yield 1 minute to the gentleman from Illinois (Mr. Hultgren).

Mr. HENSARLING. Mr. Chairman, I yield 1 minute to the gentleman from Michigan (Mr. Trott), a new and very knowledgeable member of the Financial Services Committee.

Mr. HENSARLING. Mr. Chairman, I have an amendment at the desk.

Mr. HENSARLING. Mr. Chairman, I yield 1 minute to the gentleman from Virginia (Mr. Goodlatte), chairman of the Judiciary Committee.

Mr. HENSARLING. Mr. Chairman, I yield 1 minute to the gentleman from Ohio (Mr. Chabot), the chairman of our Small Business Committee.

Mr. HENSARLING. Mr. Chairman, I yield the gentleman from Michigan an additional 30 seconds.

Mr. HENSARLING. Mr. Chairman, I am happy to yield 1 minute to the gentleman from Georgia (Mr. Loudermilk), a new member of our committee.