"This requirement is devastating for small investment firms . . . These firms are closing at an alarming rate, in part due to skyrocketing audit costs required by a rule that is illogical for firms that don't hold customer assets."
"I do hope this Committee can mark up our legislation and then move it to the floor for a vote."
"In hindsight, I think it is clear that Congress overshot the mark trying to prevent another Bernie Madoff-style scandal."
"What message would we be sending if we didn't confirm you to the CIA to the men and women of the CIA?"
"What message does overwhelming Democratic opposition to your nomination send?"
"These programs were, to the best of your understanding, approved by the Commander in Chief, legally approved by the Attorney General, and supported by the Director of the CIA?"
"Do you believe, acting under the legal approval of the Attorney General, that you or any other CIA officer should have gone to jail?"
"Thus, broker-dealers can use their banking arm to evade the requirement, which can create an unfair and uneven playing field."
"Can I get your commitment to take a review of it and to ensure that it does not create an unequal playing field between smaller broker-dealers and larger bank-affiliated firms?"
"I would say that certainly as a general principle, a level playing field is important."
"I suspect the Trump administration would have a slightly different approach to this matter."