Political Quotes

“I thank the gentleman from Colorado for yielding me a little bit of time. I also thank the gentleman from Georgia (Mr. Woodall) for acknowledging the bipartisan quality of this bill. Mr. Speaker, I rise in the hope that this body will support the rule. The rule, in particular, obviously, made at least one, possibly two, Republican amendments in order. I just want to reflect for one moment on what my intention was in the underlying bill. First of all, this is a fix to a problem that we have had in American financial services law for a very long time, which is that there is no specific statute prohibiting insider trading. Yes, we have prosecuted insider trading for a very long time using fraud provisions and other provisions of the securities law. As a result of there being no explicit prohibition on insider trading, much of the law that has grown up around this is court-made law. I know I speak for everyone in this Chamber when I say we are here to make the laws of the land and, hopefully, guard that job jealously. This is a good fix, but, to me, it was important how it was done. The Senate is controlled by the Republican Party. The House is controlled by the Democratic Party.…”