Political Quotes

“I thank my colleague from Arkansas (Mr. Hill) for his years of hard bipartisan work that went into this bill. I am proud to support this bill today because I believe that it will strengthen the abilities of investors to make informed decisions. This legislation would add transparency in the financial markets that will ultimately benefit consumers. Exchange-traded funds are valuable and popular tools for investors to get exposure to diversified risk through a single security with low costs. My wife and I use them ourselves. They are, however, like the iPhone, very simple on the outside but incredibly complicated products on the inside. They often can be thoroughly understood only by those with the background and the time to analyze the way the ETF is constructed, as well as each of the underlying securities and the sectors they are targeting. Retail investors and retirement savers often do not have this time and often do not have the expertise in the markets. High-quality research can help them make informed decisions about which ETFs to invest in, equipping them to make decisions on how to diversify across different sectors and indices. ETFs are continuously issued, so they present unique potential risks to underwriting broker-dealers under the Federal securities laws.…”