Political Quotes

“First, I have a number of communications that I will insert into the Record. I have a Statement of Administration Policy from the Executive Office of the President; I have American Federation of Labor and Congress of Industrial Organizations; I have Americans for Financial Reform; I have AFSCME; and I also have California Public Employees Retirement System, all in opposition to this bill, and asking us to please oppose the bill. Executive Office of the President, Office of Management and Budget, Washington, DC, May 15, 2013. Statement of Administration Policy H.R. 1062--SEC Regulatory Accountability Act (Rep. Garrett, R-NJ, and 23 cosponsors) The Securities and Exchange Commission (SEC) plays a critical role in protecting Americans' investments for retirement, higher education, and other personal savings while ensuring strong, efficient, safe financial activity that contributes to the Nation's economic health and job creation. While the Administration is firmly committed to smart and effective regulations that advance statutory goals in the most cost-effective and efficient manner, the Administration opposes passage of H.R. 1062. By adding burdensome and disruptive new procedures, H.R. 1062 would impede the ability of the SEC to protect investors, maintain orderly and efficient markets, and facilitate capital formation. The Administration believes in the value of cost-benefit analysis. However, H.R.…”