GOLDEN IS WITH US.
JUDGE ANDREW NAPOLITANO WILL BE
WITH US AS WELL.
WE KICK IT OFF WITH THIS,
PRESIDENT TRUMP KEEPING A
CAMPAIGN PROMISE AFTER THE
PRESIDENT VOWED TO DO, QUOTE, DO
A BIG NUMBER ON THE DODD-FRANK
ACT.
THEY WILL BE EASING FINANCIAL
REGULATIONS SIGNED INTO LAW BY
PRESIDENT OBAMA IN 2010.
SENIOR WHITE HOUSE OFFICIALS SAY
THEY HOPE TO GET THE BILL TO THE
PRESIDENT'S DESK BY MEMORIAL
DAY.
JOINING ME NOW IS JEB
HENSERLING.
WHAT WILL CHANGE UNDER THIS NEW
LEGISLATION?
>> WHAT'S GOING TO HAPPEN IS
THERE'S GOING TO BE A WHOLE LOT
MORE BANKS THAT WILL BE ABLE TO
MAKE CREDIT MORE AVAILABLE AND
LESS EXPENSIVE BECAUSE THEY ARE
NO LONGER SUFFERING UNDER THE
WEIGHT, LOAD, COMPLEXITY AND
COST OF THE DODD-FRANK
ONSLAUGHT.
IT'S BASED TO HELP A LOT OF
REGIONAL BANKS AND COMMUNITY
BANKS AND CREDIT UNIONS.
THESE ARE THE FINANCIAL
INSTITUTIONS THAT TEND TO
CAPITALIZE OUR ENTREPRENEURS,
OUR SMALL BUSINESSES, AND SO
IT'S A REALLY BIG DEAL.
IT'S THE MOST PRO-GROWTH BANKING
BILL IN PROBABLY A GENERATION.
I THINK YOU'D HAVE TO GO BACK TO
1999 TO THE SIGNING OF GRAHAM
LEECH BLILEY TO FIND SOMETHING
COMPARABLE.
KUDOS TO THE UNITED STATES
SENATE.
AS A HOUSE GUY WE'RE ALWAYS
HAPPY TO SEE THEM DO ANYTHING.
IT WASN'T QUITE AS ROBUST AS I
HAD HOPED.
BUT MY COUNTERPART IN THE SENATE
DESERVES GREAT ACCOLADES FOR THE
WORK TO BRING IT OVER AND WHAT
WE'RE HOPING FOR IS GETTING THIS
THING SIGNED, POSSIBLY THIS
WEEK, DEALING WITH BANKING AND
THEN MOVING ON TO THE NEXT GREAT
SUBJECT AND THAT IS CAPITAL
FORMATION AND PASSING WHAT WE
WOULD CALL OUR JOBS 3.0 ACT
WHICH IS REALLY GEARED TOWARDS
IPOs OR ENTREPRENEURS AND
START-UPS.
>> MARIA: I WANT TO GET TO THAT
IN A MOMENT.
WHAT I MENTIONED EARLIER WAS IT
WAS CRAZY TO THINK THAT THE BANK
ON THE CORNER, YOUR NEIGHBORHOOD
BANK WAS FACING THE SAME EXACT
REGULATIONS AS THE BANK LIKE A
JP MORGAN OR BANK OF AMERICA.
I MEAN, THESE LARGE BANKS WITH
OPERATIONS ALL OVER THE WORLD.
>> WELL, INDEED.
AND UNFORTUNATELY THE LEFT HAS
VIEWED DODD-FRANK AS BEING
CHISELED ON TO TABLETS AND
COMING DOWN FROM MOUNT SINAI.
MANY OF THEM WERE LOATHE TO DEAL
WITH IT.
A GROUP IN THE SENATE WERE MORE
LEVEL DARK
LEVEL-HARK
LEVEL-HEAK
LEVEL-HEADED AND UNDERSTOOD
THERE WERE UNINTENDED
CONSEQUENCES.
WE WERE LOSING A COMMUNITY BANK
OR CREDIT UNION A DAY IN
AMERICA.
AS WE LOST THEM, MANY AMERICANS
WERE LOSING THEIR DREAM OF
OWNING A HOME, BEING ABLE TO BUY
A NEW CAR OR PUT GROCERIES ON
THE TABLE.
>> MARIA: PEOPLE COULDN'T GET A
MORTGAGE.
THIS IS REALLY GOOD NEWS.
A MINUTE AGO YOU MENTIONED JOBS
3.0 ACT.
WHAT IS THAT?
TELL US WHAT YOU WANT TO DO AND
WOULD THAT BE FEASIBLE BEFORE
THE MIDTERMS?
>> WELL, YES IT WOULD BE
FEASIBLE.
WE HAVE A COMMITMENT FROM THE
SENATE THAT THEY WILL TAKE UP A
PACKAGE OF BILLS.
SO ONE, I'M VERY ENTHUSIASTIC
ABOUT WHAT WE DID YESTERDAY TO
PASS S-2155 BUT THERE WERE A
NUMBER OF BILLS, BIPARTISAN
BILLS IN THE HOUSE, THAT DID NOT
RECEIVE ACTION IN THE SENATE.
MANY OF WHICH DON'T EVEN TOUCH
DODD-FRANK.
SO 2155, MARIA, IS MAINLY ABOUT
THE BANK REGULATORY PIECE.
BUT WE HAVE BILLS THAT HAVE TO
DO WITH SMALL M&A BROKERS THAT
HAVE TO DO WITH THE
SARBANES-OXLEY 404 ON-RAMP THAT
HAVE TO DO WITH ACREDITTED
INVESTORS.
WHAT WE'RE CONCERNED ABOUT IS
WHERE ARE THE NEXT APPLES GOING
TO COME FROM, WHERE'S THE NEXT
YAHOO GOING TO COME FROM.
AND SO MANY OF THESE
INSTITUTIONS COULDN'T FIND THAT
FINANCING TODAY.
SO JOBS 1.0 WAS ACTUALLY SIGNED
INTO LAW BY PRESIDENT BARACK
OBAMA WHO SAID IT WAS THE FIRST
STEP ON A JOURNEY TO BREAK DOWN
BARRIERS TO CAPITAL FORMATION
FOR ENTREPRENEURS.
SO THIS WILL BE HOPEFULLY THE
THIRD ITERATION OF THAT.
I'VE HAD CONSTRUCTIVE TALKS WITH
NUMBER OF DEMOCRATIC SENATORS
AND SO, YEAH, I'M HOPEFUL THAT
FRANKLY BEFORE THE AUGUST RECESS
THAT WE COULD COME TOGETHER.
HOUSE.
THERE'S NO REASON THAT SHOULD BE
TURNED DOWN IN THE UNITED STATES
SENATE.
>> MARIA: PRESIDENT TRUMP IS
HEADED TO LONG ISLAND, NEW YORK
TODAY TO MEET WITH LAW
ENFORCEMENT OFFICIALS, TALKING
ABOUT THE STRATEGY FOR CRACKING
DOWN ON MS-13 GANG MEMBERS WHO
HE REFERRED TO AS ANIMALS IN THE
PAST.
MS-13 IS AN INTERNATIONAL CRIME
GANG AS YOU KNOW THAT HAS A
PRESENCE IN TEXAS, YOUR STATE.
WHAT'S YOUR TAKE ON THIS?
>> WELL, I'M VERY GLAD THAT OUR
PRESIDENT IS DOING THIS.
IT'S ONE OF THE REASONS THAT WE
HAVE TO HAVE BORDER SECURITY.
UNBRIDLED, UNCHECKED ILLEGAL
IMMIGRATION IS A THREAT TO
NATIONAL SECURITY, PHYSICAL
SECURITY, OUR ECONOMIC SECURITY
AND FRANKLY THE RULE OF LAW.
SO THE PRESIDENT HAS BEEN STRONG
ON THIS.
AND SO I KNOW THROUGHOUT TEXAS
AND THE SOUTHWEST, AND FRANKLY
THROUGHOUT THE NATION, THERE
HAVE BEEN VICTIMS OF THE MS-13
GANG AND I APPLAUD, APPLAUD THE
LEADERSHIP OF THE PRESIDENT IN
TRYING TO DO SOMETHING ABOUT
THIS.
AGAIN, IT'S ONE OF THE STRONG
RATIONALS.
I KNOW SOME PEOPLE WHO COME HERE
ILLEGALLY.
THEY'RE GOOD PEOPLE.
THEY'RE JUST TRYING TO FEED
THEIR FAMILIES.
I GET THAT.
BUT WE HAVE TO BE DEDICATED TO
THE RULE OF THE LAW AND WE HAVE
TO KNOW WHO'S COMING HERE
BECAUSE SOME PEOPLE ARE COMING
HERE TO DO VIOLENCE AND PUSH
DRUGS UPON OUR CHILDREN AND
GRANDCHILDREN.
>> MARIA: HOW ABOUT THIS
TRACTOR-TRAILER, OVER 50 ILLEGAL
IMMIGRANTS WERE DISCOVERED IN A
TRACTOR-TRAILER OVERNIGHT.
THEY WERE DRIVING THROUGH TEXAS.
THIS IS AN 18-WHEELER.
IT WAS STOPPED LESS THAN
15 MILES FROM THE MEXICO BORDER.
THIS NEWS COMES AS DIANE BLACK
IS INTRODUCING A BILL TO HELP
CROWD FUND THE STRUCTURE BETWEEN
U.S. AND MEXICO.
SHE JOINED ME YESTERDAY AS SHE
OUTLINED HOW THE LEGISLATION
WOULD WORK.
HERE'S WHAT SHE SAID.
>> IF SOMEONE WANTS TO SEND IN
MONEY TO THE FEDERAL GOVERNMENT
TO HELP TO BUILD THE WALL, THEY
CAN DO SO.
BUT WE DON'T HAVE A DEDICATED
FUND FOR IT AND SO WHAT THIS
DOES IS IT ACTUALLY DEDICATES A
FUND SO WHEN THE MONEY IS SENT
IN IT WILL BE IN THAT FUND AND
BE USED TO BUILD THE WALL.
>> MARIA: WHEN YOU SEE THE
TRACTOR-TRAILER OVERNIGHT
CARRYING ALL OF THOSE ILLEGALS,
HOW CAN CONGRESS COMBAT CONCERNS
OVER THE ILLEGAL I'M
OVER THE ILLEGAL IMMIGRATION
STORY?
>> TWO THINGS, KUDOS TO DIANE
BLACK.
IT'S A VERY ORIGINAL IDEA.
CROWD FUNDING CAME OUT OF THE
JOBS ACT.
IT JUST TUGS AT YOUR HEART.
AS A BORDER STATE CONGRESSMAN,
I'VE BEEN TO THE BORDER, I'VE
MET WITH OUR BORDER PATROL.
IT IS DANGEROUS.
IT IS SO DANGEROUS FOR THESE
PEOPLE TO ATTEMPT THESE ILLEGAL
CROSSINGS AND THEY'RE THROWN IN
WITH SOME OF THE WORST OF
SOCIETY IN THESE KAI
SOCIETY IN THESE CAI
SOCIETY IN THESE COYOTES AND SO
IT'S TRAGIC HOW THESE PEOPLE GET
CRAMMED IN TO THESE VERY
DANGEROUS CONDITIONS AS THEY TRY
THIS PERILOUS CROSSING.
WE'VE GOT TO SEND A MESSAGE,
YOU'RE NOT GETTING ACROSS.
DON'T EVEN TRY IT.
IT'S NOT WORTH IT.
THERE'S A LEGAL WAY TO COME TO
AMERICA AND WE WILL OPEN THE
DOOR FOR PEOPLE WHO LOVE FREEDOM
AND WANT TO WORK HARD AND COME
HERE THE LEGAL WAY.
BUT OTHERWISE, DO NOT TRY IT
BECAUSE WE'RE NOT GOING TO LET
YOU IN.
>> MARIA: CONGRESSMAN, LET ME
ASK YOU BEFORE YOU GO REAL QUICK
ON THE PHASE TWO OF THE TAX
PLAN, MAKING THE PERSONAL TAX
CUTS PERMANENT.
ARE YOU PLANNING ON GETTING THAT
DONE BEFORE THE MIDTERMS?
>> MARIA, I DON'T QUITE KNOW
WHAT THE TIMING OF THAT IS.
THAT'S IN THE WEIGHS AND MEANS
COMMITTEE, NOT IN THE HOUSE
FINANCIAL SERVICES COMMITTEE.
WE WOULDN'T BE HERE WITHOUT THE
LEADERSHIP OF OUR SPEAKER, MY
FELLOW TEXAN, KEVIN BRADY, THE
CHAIRMAN.
I KNOW HE'S WORKING ON IT HARD.
I JUST DON'T KNOW THE EXACT
TIMING OF IT BUT FOR ME THE
SOONER THE BETTER.
>> MARIA: GOOD TO SEE YOU THIS
MORNING.