Political Quotes

“this amendment would create a deficit- neutral reserve fund for legislation that requires financial regulators to perform rigorous cost-benefit analysis of their proposals. If this analysis determines that a proposed rule's cost exceeds its benefits, the rule should not be implemented. Given the far-reaching scope many new financial rules will have on our markets, I believe it is imperative that regulators conduct thorough cost-benefit analysis to fully understand how these rules will affect our economy. Independent final regulators operate under a patchwork of Federal laws that require varying degrees of economic analysis and provide too much discretion to regulators. As a result, American job creators are under siege from capricious rulemaking activities. Regulations should be based on solid evidence and supported by robust economic analysis, not the arbitrary preferences of bureaucrats. The ACTING PRESIDENT pro tempore. The Senator's time has expired.”