John Carney actually said...

"I was one of the sponsors of the IPO onramp part of the JOBS Act."

"I understand the overall purpose in pay ratio in particular. But I don't understand how it implicates systemic risk."

"And that was exactly his advice and to be careful, frankly, about the transition from where we are today."

"Yes, but it makes it so we don't have the authority to do it."