Under Dodd-Frank, the Volcker rule becomes effective on July 21, 2012 regardless of whether a rule is finalized.
Do you think there is need for this duplication, or are there areas that the SEC would review that bank regulators do not?
Senator Toomey
I do not think we are being too assertive if we say to the Supreme Court, 'Televise.'
I have been battling this issue for decades.
I believe that it is vital that the public really understands what the Supreme Court does.
Well, you are the Senate. You decide how to proceed.
Because it is so important for the public to know how its Government functions, and because the Supreme Court affects the lives of Americans...
I believe that if the Court were televised, there would be an understanding and an accountability.
The authority of the Congress under the Commerce Clause was unchallenged for 60 years and then in Lopez and Morrison cut back.
Give or take five.
The Court is very ideologically driven at the moment, and I think the public needs to understand that.
Not only does the Court affect the daily lives of all Americans, it has a tremendous impact upon the separation of powers.
The Congress has the authority to handle administrative matters legislatively.
People ought to know that.
I think Senator Sessions has it right when he says they consider it their domain. Well, it is not.
Twenty-five.
The Congress, under separation of powers, has the authority to find the facts, and then there is need only for a rational relationship betwe...
