Chris Dodd: “If the Senator from Texas were interested in creating a sense of uniformity, I could see him offering an amendment--I…”

“If the Senator from Texas were interested in creating a sense of uniformity, I could see him offering an amendment--I wouldn't agree with it--which would require that all businesses that are conducting their operations for profit be subjected to an accounting standard that was equal. Again, my friend from Wyoming would strenuously object to such an amendment. I would as well because of the reasons that smaller companies just could not possibly afford the costs associated with that. But to suggest somehow that a nonprofit organization ought to be subjected to the same rules as a for-profit public company where shareholders and so forth are involved is stretching logic. I appreciate my colleague yielding.”