Richard Shelby actually said...

"While I understand the interest in ensuring that enforcement cases proceed quickly--they are very important--delegation of the Commission's powers to the staff should not be undertaken lightly."

"Both organizations have played an important role in the aftermath of the financial crisis and will continue to do so."

"The SEC also recently restructured its enforcement and compliance programs to address some of the systemic problems."

"the economy, as we all know, is in a very fragile state, yet the Dodd-Frank Act has unleashed a flood of new regulations that impose significant costs on businesses."