On the recordMarch 20, 2012
Mr. President, over the last several days there has been an immense outpouring of concern about the so-called JOBS bill the House has sent to us, and this outpouring should weigh upon us. It should make us question the speed and the lack of deliberation with which we are considering this House bill and question the wisdom of just sending it back to the House if there is one amendment to it, which is on the Ex-Im Bank, and hoping that somehow or another investors are going to be protected in a conference instead of by the Senate. What we are considering should be done with great deliberation, and we should take the time to get this right. The House majority leader suggested yesterday that those of us who are concerned about the House bill are ``creating phantom investor protection issues.'' We did not create these issues. People who know far more about capital markets than the House majority leader or myself or probably any of us have asked us to reconsider what we are poised to do. Start with the Council of Institutional Investors. This group's members invest a combined $3 trillion in our Nation's capital markets. They include the Nation's largest pension funds, university endowments, and foundations.…





