GOP Rep. Frank Lucas Says If John Boehner Had Been Speaker, ‘We Wouldn’t Have The Bank Reregulation Bill’
"GOP Rep. Frank Lucas Says If John Boehner Had Been Speaker, ‘We Wouldn’t Have The Bank Reregulation Bill’"
This past July, reacting to the economic crisis of 2008, Congress passed a sweeping financial reform bill that placed new regulations on the the nation’s financial institutions. While the law recieved little support from Republicans, many leading GOP politicians maintained — like with health care — that they supported some sort of reform, just not the specific reforms that passed.
Now, GOP Rep. Frank Lucas (OK) is casting doubt on this claim. In a wide-ranging interview with a local radio station, the congressman ran through a list of bills that he believes would not have passed under a House of Representatives run by Rep. John Boehner (R-OH). He told the host that if “John had been speaker, for the last two years there would never have been a global warming bill passed in the House, Obamacare would never have been signed into law, we wouldn’t have the bank reregulation bill”:
FRANK LUCAS: If John had been speaker, for the last two years there would never have had a global warming bill passed in the house, Obamacare would never have been signed into law, we wouldn’t have the bank reregulation bill.
The congressman’s remarks match the behavior of his party well. In December 2009, Boehner met with “more than 100 financial services lobbyists ‘to try to fight back against financial regulatory overhaul legislation.’” His counterpart in the Senate, Minority Leader Mitch McConnell (R-KY), also met with financial elites in April 2010 shortly before attacking efforts to reform the banking system.