David Scott actually said...

"the cost of having regulation, and these markets go off, sure, which is happening, it is real."

"What will be the effect of providing no additional funding resources to the SEC and the CFTC to implement this proposal?"

"Well, I will tell you, it is very important that we make sure that we provide you with sufficient funding to do this very much needed job."

"I would say that the market, although it is enormous, there are--the legislation consolidates a lot of this regulation into entities."