On Tuesday, Congressman Bill Huizenga spoke on the House floor in support of repealing the anti-arbitration rule recently put forward by the Consumer Financial Protection Bureau (CFPB). Through the Congressional Review Act, the House voted to eliminate this onerous anti-consumer regulation by a vote of 231 to 190. This is the 16th time the House has utilized the Congressional Review Act to repeal a burdensome Obama-era regulation. Thus far, President Trump has signed 14 of these regulatory reforms into law, including one authored by Congressman Huizenga.
Congressman Bill Huizenga:
Let’s talk about a stacked deck: Trial attorneys putting cash over conscience. That is not the answer that we are in search of, but it’s the answer that others, who are opposed to this, certainly are.
The CFPB, the so-called Bureau of Consumer Financial Protection, has a study itself that shows that consumers who actually use arbitration reach more favorable outcomes then those who are roped into lawsuits with cash-starved trial lawyers.
It is astounding that only 13% of these lawsuits provide any benefit to actual consumers but the Bureau is still pushing this ill-advised rule. Arbitration decisions also come much more quickly for consumers. Again, the Bureau’s own study concludes that arbitration decisions come 12 times faster than lawsuits.
So let’s review. A faster, more favorable outcome for consumers versus helping trial lawyers line their pockets. This should not be hard.
According to the D.C. Circuit Court, unelected Bureau Director Cordray has more unilateral authority than any single commissioner or board member in any other independent agency in the entire U.S. Government. Congress must begin to use its authority to hold this agency accountable for its anti-consumer policies and actually provide the checks and balances that our founders would have intended. That is the stacked deck we have right now folks.
The CFPB’s flawed arbitration rule does absolutely nothing to protect the consumers it is charged with protecting, instead it is nothing more than a windfall for trial lawyers and well connected Washington elites. The rule’s only accomplishment will be to create more class-action lawsuits, lining trial-lawyers pockets with more cash, while providing no real protection to consumers.
This anti-consumer rule will have the effect of making consumers wait longer for worse decisions as they seek resolutions for their disputes. In no way, shape, or form does this rule actually do what the Bureau was created to do - protect consumers.
This CRA is an important step in allowing Congress to reign in this rogue agency.
Earlier today, I introduced the Family Reunification Act. This legislation would require the federal government to reunite children that had been recently separated from their parents at the southern border. For years, partisan bickering has prevented meaningful immigration reform from being achieved. It is my hope that by reuniting children with their parents, the Family Reunification Act will build bipartisan momentum for solutions that strengthen border security and reform our outdated immigration system. You can read the text of the legislation here https://huizenga.house.gov/uploadedfiles/6.21.18.huizenga.reunification.legislation.pdf
The Administration must end the policy of separating children from their families immediately. If the Administration is unwilling to do so, then the House should immediately pass narrowly tailored legislation to end separations. While there are divisions on other areas of immigration, there is broad bipartisan support to put an end to this inhumane policy.
What is happening at the border is heartbreaking. I'm committed to leading a bipartisan, bicameral effort to find a humane solution that ends automatic separations and keeps families together. I have reached out to both Republican and Democrat offices in search of a workable bipartisan solution.
I am encouraged by the pro-active changes being made to the legislation that addresses family separations, DACA, and border integrity being considered by the House this week. Tonight’s meeting with President Trump provides an opportunity to work toward modernizing our immigration system and providing resolution to the crisis along the southern border.
The United States is a nation of laws, but it is also a nation of compassion. It’s clear the catch and release policy implemented by the previous Administration failed to stem the tide of people entering the country illegally. While changes in policy are necessary, the notion of automatically separating families runs counter to my values as a father as well as the core values of our nation. We must find a legislative solution that balances our compassion with the fact that some individuals are exploiting loopholes in our immigration system and actively trafficking children across the border. This week the House is scheduled to address the issue of border integrity, DACA, and family separation. There is an opportunity to have a workable bipartisan solution if we can stop the partisan bickering and actually put our nation first.