Competition plans, we saw that the Department included a placeholder for competition plans in its FAA reauthorization proposal.
Richard Shelby
The Public Record
Richard Shelby is a former United States Senator from Alabama, serving from January 3, 1987, until January 3, 2021. A member of the Republican Party, Shelby was known for his work on various committees, including Appropriations and Banking, Housing, and Urban Affairs. Throughout his tenure, he focused on issues such as military funding, economic development, and infrastructure improvements in Alabama.
I believe that if last Monday's roll-out was the final chapter in the effort to remedy these problems, then this has been an exercise in futility.
I am hopeful that the ongoing investigations will lead to the appropriate prosecution of bad actors.
the settlement does, as has been said by Senator Sarbanes and others, represents a failure of the Securities and Exchange Commission.
I believe that this hearing and the testimony that we receive today is merely the start--or I hope it is, anyway--of renewed vigilance in restoring the trust that the American people have lost in the securities industry.
I see no contrition. Perhaps most people, they are only sorry that they got caught.
I am very concerned that the Administration has thrown up a white flag on this issue.
If we proceed with the Administration's white-flag approach, we will give Europe a tremendous competitive advantage and will hurt American workers.





