House Republican Whip Eric Cantor (R-VA) today addressed a credit card bill introduced by Rep. Carolyn Maloney (D-NY) that will unfairly penalize those who have established good credit.
Cantor also spoke of the Coburn Amendment included in the bill, which prohibits inconsistent and unconstitutional regulations that ban law-abiding citizens from carrying licensed firearms on government managed land.
Statement on the credit card bill:
"While perhaps well intentioned, this bill will make credit less available to hard working families, small businesses, and consumers who are already struggling. Simply put, the bill today forces good actors who have managed their finances responsibly to subsidize the bad actors that did not.
"The way to help consumers is to ensure a competitive and fair marketplace. Instead we have another Washington-knows-best intrusion into the market instead of common-sense disclosure, increased consumer choice, and improved enforcement of the laws already in place."
Cantor on the Coburn Amendment:
"Every law-abiding American citizen deserves to have their Second Amendment rights permanently protected on our nation's federal lands. Passage of the Coburn Amendment ensures that state law and our Constitution takes precedence over politically driven regulations made by bureaucrats in Washington.