Richard Shelby actually said...

"the Missile Defense Agency (MDA) plans to achieve an early intercept capability as part of the phase-adaptive approach are simply not credible."

"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."

"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."

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