Political Quotes

“The reason I do this is, my colleague from Georgia somehow said that it was laughable, this characterization that it is adding paperwork. That is exactly what this bill does. In fact, in this exhibit, this is a Republican summary of their own bill. It says: ``The information contained in the statement must be filed with the SEC. . . .'' The whole bill is about adding paperwork. That is what the bill does. You can argue it is paperwork all you want because corporate CEOs want it and many existing board members want it. Investors don't want it. But we are talking about additional paperwork, and there is nothing in that statement that you can refute because the Republican bill summary explains that that is what they are doing. I mean, there is no disagreement. And he is correct. I am sure there are some Democrats who support these bills, some Republicans who support them, some Republicans and Democrats who might oppose these bills, but that is what the bill does, it adds paperwork. That is why I mentioned I was surprised to see it come out of the Financial Services Committee that, in general, had been more interested in reducing paperwork. Here, they are interested in adding compliance cost and paperwork to investors. Mr. Speaker, I have to say that if we defeat the previous question, I will offer an amendment to the rule to bring up Sean Patrick Maloney's bill, H.R.…”