Rep. Barney Frank, D-Mass., received a day-long ban from speaking on the House floor today, and the comments he had made were removed from the record, after he violated House rules with a personal attack on Rep. Jeb Hensarling, R-Texas.
"I have never seen truth stood on its head more rapidly than my colleague from Texas [just did]," Frank said today after Hensarling spoke on the House Floor. "For the gentleman from Texas -- having been part of the leadership that engaged in that shameful maneuver -- to now accuse us of being excessively concerned with credit is the most hypocritical and dishonest statement I have heard uttered in this House." Before making those remarks, Frank had acknowledged that "you may not accuse anyone else of being disingenuous, under the House rules."
Frank and Hensarling had been arguing about two very similar pieces of legislation -- one sponsored by Rep. Ben Quayle, R-Ariz., and the other sponsored bipartisanly by Reps. Dave Schweikert, R-Ariz., and Jim Himes, D-Conn. -- intended to make it easier for shareholders to invest in community banks.