I would like to thank Mr. Scott for yielding time and for his leadership on this issue. I rise today in support of H.R. 1256. It will lead to a stronger, more robust set of regulations for the derivatives market. Let me be clear, this is…

It is my understanding, again, as part of the team that with my colleague, the prime sponsor, Mr. Fincher from Tennessee...

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.

I would love to see your staff's analysis of that and any concerns and issues that are raised by it.

too-big-to-fail is over.

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

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

I certainly hope the answer, and I intend for the answer to be that too-big-to-fail is over.

I certainly appreciate your kind of hands-off approach to that administration of taxes.

Thank you, Ranking Member, for your leadership on efforts to strengthen the SEC and to beat back this legislation. As a member of the Financial Services Committee, I had the privilege yesterday of meeting the new SEC chairman, Mary Jo…

I support the request that you are making for your budget, as many of us here do.

I wish to clarify my position for the record on rollcall votes 147 through 149 cast on May 15, 2013. On rollcall vote No. 147, on consideration of H.R. 767 I did not vote. It was my intention to vote ``aye.'' On rollcall vote No. 148, on…

You sound like you are just what the doctor ordered for this position. And we wish you well.

We can't afford not to, frankly, as has been stated by so many others.

I think a greater concern is that we will distract you from your priorities here in Congress, or not give you the resources that you need to do the job.

I wish to clarify my position for the Record on a vote cast on April 26, 2013. The vote was on passage of H.R. 1765, the Reducing Flight Delays Act. On rollcall vote No. 125, I did not vote. It was my intention to vote ``yea.''…

On rollcall No. 125, had I been present, I would have voted ``yea.''

So, in some ways, this is like a hedge against contagion or against negative impacts on our own economy, which would affect the men and women in my district who make $40,000.

So the consequences of not approving this could be that we would lose influence or--

So what happens if all of a sudden the red block in the new system goes away?

I think the history at the IMF has been that there has been strong bipartisan support from Presidents from both parties, and Members on both sides of the aisle in recognition that we created this institution in part because we thought it…

We would absolutely have less say.

I want to express my appreciation in particular to my friend, Congressman Pat Meehan, who represents the Pennsylvania district on the other side of the border, for his interest and support of the national monument dedication.

So it is not without deep examination and a keen eye on maintaining the effectiveness of Dodd-Frank that I am in a position to support the majority of these bills before us.