Political Quotes

“Thank you very much, Mr. Chairman. I just want to make clear my opposition to anything other than preventing judicial review on cost-benefit analysis. Again, I am very appreciative to my colleagues who also share my concerns and, again, have proposed an amendment that would establish a heightened standard of judicial review, and I support that amendment. I do not want anyone to be confused that I believe that that amendment would solve the problem. I still think that, if that amendment is adopted, the bill would still impose heavy administrative hurdles on the CFTC. This is not about simply reauthorization at any cost with anything in the bill. This is about having a CFTC that really works, that is not burdened with the kind of cost-benefit analysis that we have seen burdening other of our agencies that have tried to do their job, including the SEC. I would ask my friends who are listening to differentiate between that amendment of my colleagues, who are addressing this concern in their way, and my amendment that would prevent judicial review altogether. I yield back the balance of my time.”