Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, in 2012, the Securities and Exchange Commission violated Federal law by signing a lease for 1.4 million square feet that cost taxpayers over $566 million. Investigations conducted by the Transportation and Infrastructure Committee, as well as SEC's inspector general, found that the SEC had exceeded its authority with this lease. Investigations also found that the SEC had a history of mismanaging its leasing authority. Recent actions taken by the SEC seem to indicate that the agency has not learned from the past. This is why I urge support of H.R. 189, which would revoke the SEC's leasing authority for general office space and bring them in line with current leasing practices through the General Services Administration. Mr. Speaker, I urge support for the bill, and I reserve the balance of my time. {time} 1700”