Political Quotes

“Mr. Speaker, I must say, as much respect as I have for Mr. Huizenga--I have been around here a little while--I think this may be the first time I have heard from my colleagues on the other side of the aisle that the regulators deserve deference on this, that the regulators are not asking us to make a statutory change. I have never heard that in this Chamber--this Chamber--which, under Article I of the Constitution, is charged with writing the laws of this country. Apparently, my Republican friends, who don't typically defer to regulators, are now saying the SEC is, at best, neutral on this law. Is there damage? I would urge anybody who wants to know about that to read the activities of the Second Circuit Court of Appeals in the overturning of conviction after conviction of hedge fund managers and others around points of technical complexity. We make the laws. We don't ask the regulators whether they would like us to, or whether they would cheer us on in making laws. We make the laws. If we are going to send people to jail, if we are going to stop the confusion of judge-made law, let's do our job and pass this legislation.”