Monday - September 24, 2018
Sen. Toomey Issues Statement on Guidance Document Clarification From Financial Regulators
September 12, 2018
WASHINGTON, Sept. 12 -- Sen. Pat Toomey, R-Pennsylvania, issued the following statement regarding the joint statement from five financial regulators clarifying that guidance documents do not have the force or effect of law:

"I welcome the announcement by financial regulators, including the Fed, FDIC, and BCFP, clarifying that guidance documents do not carry the weight of law.

"It is Congress, not the bureaucracy, that is empowered and elected by the American . . .

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