He is committed to ensuring effective implementation of this and other reforms, while also ensuring that community banks and other institutions have the resources and capability to continue creating jobs and adding value to the neighborhoods of the Fifth District.
Ensure effective implementation of the Wall Street Reform and Consumer Protection Act and other reforms.
Occurrences
Evidence
In a House Oversight hearing, Rep. Mike Quigley said, "To fix this problem, we need to ensure that Dodd-Frank is successfully implemented." He also argued that the Dodd-Frank Act gives regulators tools to address the too-big-to-fail problem but still requires work to be fully implemented.
Congress.gov records Quigley as sponsor of H.Amdt.692, an amendment to H.R. 1315 that would require the Financial Stability Oversight Council to provide live online streaming or broadcasting of meetings reviewing CFPB regulations; the amendment was agreed to by voice vote.
Assessments
Quigley took concrete same-term action supporting implementation of Dodd-Frank, including sponsoring an amendment to increase transparency around FSOC review of CFPB regulations and publicly pressing for successful implementation in oversight hearings. However, the evidence shows advocacy and a targeted implementation-related amendment, not that he ensured effective implementation of the Wall Street Reform and Consumer Protection Act or broader reforms in full. Because the promised outcome was broad and depended on executive agencies and Congress beyond one member, the best classification is partial rather than delivered.