Political Quotes

David Schweikert: My two arguments still stand. But there is one other point. And I actually have a little bit of information here.…

On the recordJuly 25, 2012
My two arguments still stand. But there is one other point. And I actually have a little bit of information here. According to the inspector general of the CFTC, the commission regularly employs a ``stripped down'' type of cost-benefit analysis that has ``proved perilous for financial market regulators.'' In the past, they've used a stripped-down methodology. So in many ways, what we're doing here in the overall legislation is saying, here's the box, you are supposed to be doing this, it's already part of your budget. And as I spoke earlier, in the design of the amendment, I have a fear of the unintended consequences that you are almost incentivizing; that when the litigation happens, the agency actually ends up getting more money. And with that, Madam Chairwoman, I yield back the balance of my time.
Said by
David Schweikert
Republican · Arizona
Source
govinfo.gov
Jul 25, 2012

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