When government chooses the winners and losers in our financial system, the system becomes less trustworthy. Americans deserve better.
Government intervention in the financial system often has unintended consequences. In recent years, government plans that were intended to help people buy homes actually encouraged lenders to commit fraud, consumers to assume debts they could not afford, and banks to take excessive risks. Bailouts for failing companies rewarded executives who gambled with other people’s money.
As a Representative, I support legislation that makes government's role in the financial system more transparent. I oppose harmful policies that put government bureaucrats in charge of our bank accounts and financial markets.