Political Quotes

“I am opposed in its current form. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Ms. Frankel of Florida moves to recommit the bill H.R. 1675 to the Committee on Financial Services with instructions to report the same back to the House forthwith with the following amendment: Insert after section 1 the following: SEC. 2. PROHIBITION ON BAD ACTORS AND PROTECTION OF AMERICAN RETIREES. (a) Prohibition.--A bad actor may not make use of any exemption, safe harbor, or other authority provided by this Act or an amendment made by this Act or a regulation issued pursuant to this Act or an amendment made by this Act. (b) Rulemaking.--The Securities and Exchange Commission shall issue such regulations as may be necessary to carry out subsection (a). (c) Bad Actor Defined.--For purposes of this section, the term ``bad actor'' means any person that has been convicted of a felony or a misdemeanor involving securities, including those securities used for investing in retirement. Page 19, after line 22, insert the following: (b) Protection of American Seniors.--The Commission may not amend or repeal any regulation pursuant to subsection (a) if such amendment or repeal would weaken the protections provided for American seniors. Ms. FRANKEL of Florida (during the reading). Mr. Speaker, I ask unanimous consent to dispense with the reading. The SPEAKER pro tempore. Is there objection to the request of the gentlewoman from Florida?…”