Mike Crapo

I strongly agree with the tenor of the questions that we heard from Senator Corker and Senator Warner with regard to the Volcker Rule.

I encourage you to get it right and focus on these concerns about the accuracy of the current exposure method.

Throughout my time in the Senate, I have had the extraordinary opportunity to work with Vice Chairman Baptiste on many pertinent issues that directly affect the Federal trust responsibility.

I want to commend him for his leadership both to the Tribe and to the State of Idaho and, frankly, to the Nation as his presence here indicates.

I appreciate your leadership and the leadership of Senator Barrasso.

We can do more to expand economic activity by removing unnecessary restrictions on capital formation to enhance access to capital for early stage startups as well as later-stage growth companies.

Thank you very much, Mr. Chairman. I appreciate the fact that we are holding this hearing, and I look forward to the information that our witnesses will provide to us, and I welcome the witnesses.

I read with interest your comments yesterday, and, frankly, candid comments, that the regulators will not be ready to issue the rule by the deadline of July.

It seems to me that it is truly a remarkable circumstance when four members of a five-member Commission from both parties come forward with a letter to the President to state that they feel that the operation of the Commission on which…

So then I will let others who want to speak on this do so, but if I understand you right, then you are not saying that the bill would allow half those currently registered companies to go dark.

I have for some time now been very concerned about the state of capital formation in the United States.

When unnecessary regulatory barriers to capital formation are removed, everyone wins.

We can do more to expand economic activity by removing unnecessary restrictions on capital formation.

The change is with respect to community banks.

I would tell you that if the effort is to create the impression that failure to come forward with a proposed alternative statutory proposal is the only acceptable way to engage on that issue, I think that is wrong.

Well, thank you. And let me just raise another issue. It kind of relates to the unintended consequences issue, but right now we are seeing, in my opinion, in the Federal Government, at the Federal level across many different industries and…

I want to convey my thanks to you for being willing to work with us in a bipartisan fashion.

The objective should be to apply the taxpayer resources in a way that provides the biggest investor protection bang for the buck.

I think that we are having a little bit of difficulty getting it right in terms of our regulatory approach right now.

We commend Senator Crapo, our Senator, for his tremendous efforts as part of the 'Gang of Six' to work across party lines to avert a government default.

For a private residential credit market to develop, it has got to be able to attract capital.

While I applaud the SEC for taking a more flexible approach relative to CFTC, both agencies need to make their rules more accommodative of the different types of SEFs to provide maximum choice in trade execution to market participants.

We should not then be surprised when the two agencies propose inconsistent approaches to the same rule sets.

While the Dodd-Frank Act missed a great opportunity, in my opinion, to merge the SEC and Commodity Futures Trading Commission and stop the bifurcation of futures and securities markets--we lost that opportunity then--we should at least…

We should not then be surprised that the two agencies have proposed inconsistent approaches to the same rule sets.