Richard Shelby actually said...

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

"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 Dodd-Frank Act gave the Securities and Exchange Commission a long list of rules to promulgate."

"Is part of the problem... the lack of information that they are really in a floodplain area or marginal area?"