Political Quotes

Norman Mineta: “In my opinion, if my friend would further yield, it seems to me that again in those instances, the gentleman used the…”

On the recordMarch 8, 1995
In my opinion, if my friend would further yield, it seems to me that again in those instances, the gentleman used the example of CALPERS as a number of us did, it seems to me that whether they are sophisticated individuals who are investors, or the grandmother who wants to buy stock for grandchildren, that they would still be subject to the provisions of this bill and that they are going to be subject to suit. On the other hand, let me also mention where the gentleman said the SEC is drawing rules on this right now, as I understand it they are just looking at the issue. They have done nothing to get into rulemaking or even holding a hearing on this issue.
Said by
Norman Mineta
California
Source
govinfo.gov

Editor's note · Context

Discussing the implications of a bill on investors and the SEC's rulemaking process.

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