I think we are on track to do what Congress intended us to do, but we are delayed.
Gary Gensler
The Public Record
Gary Gensler is the current Chair of the U.S. Securities and Exchange Commission (SEC), having been appointed by President Joe Biden in April 2021. A member of the Democratic Party, Gensler has a background in finance and public service, previously serving as the Chair of the Commodity Futures Trading Commission (CFTC) from 2009 to 2014. He is known for his focus on financial regulation and consumer protection, emphasizing the importance of transparency and fairness in the financial markets. Gensler has also been a professor at the MIT Sloan School of Management, where he taught courses on blockchain technology and digital currencies.
But, at some point, people also have to put in perspective that the public out there just feels completely unprotected still, since 2008.
I am committed to take a look in November to see if there are things that we should do.
I think what you have described is a hedge, so--and I think that is my answer.
We worked to comply with the cost/benefit considerations as laid out by Section 15(a) of our statute.
I think that Congress took a balanced approach in Title VII and that there is going to be more transparency and more competition in a marketplace.
I think it was the clear intent of Congress that pensions would be able to use swaps to hedge their risk.
One of the critical components of the Dodd-Frank Act is that Congress mandated that we, as the Senator says, get this done.
I think what we are looking at and what Congress asked us to look at is if it has a direct or significant effect on U.S. commerce or the U.S. economy.





