I thank the gentleman for yielding. The gentleman says the SEC wasn't on the Madoff thing for many years. That's true. I have to say that, while I supported the Bush administration on Sarbanes Oxley, I am critical of their administration…
Barney Frank
The Public Record
Barney Frank is a former U.S. Representative from Massachusetts, serving from 1981 to 2013. A member of the Democratic Party, he was known for his progressive stance on various issues, including financial regulation and LGBT rights. Frank played a significant role in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aimed to prevent the kind of financial crisis that occurred in 2008. He was also one of the first openly gay members of Congress, advocating for LGBTQ+ rights throughout his career.
I thank the gentleman. This is an effort to do re-deregulation by stealth. If they don't want to regulate derivatives, if they think speculation's a good thing, then let's bring up a bill. After all, this isn't the agriculture bill. You…
First of all, a large percentage of the people in this room would be too; but, secondly, the fact is that the gentleman from Florida is who started pointing fingers. When I talked about who was in charge of the SEC, all of a sudden he is…
I rise in opposition, Madam Chair. The Acting CHAIR. The gentleman is recognized for 5 minutes. {time} 2100
I yield myself the balance of my time. The Acting CHAIR. The gentleman is recognized for 3 minutes.
This is an example of the Republican majority's taste for legislative exotica. We have a very strange bill that no one expects to go anywhere. They do expect to make some people happy by pretending that they're going to be making oil here…
In fact, we suffer more from taxes evaded in the U.S., I believe, than the money we have here. The point, however, is--and I will submit the comments from the Department of the Treasury--we will not be sending this to countries with which…
I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from Pennsylvania will be postponed. Amendment No. 20 Offered by Mr. Posey The Acting CHAIR. It…
I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from Florida will be postponed. {time} 2200
If that is the case, it does seem to me that responsibility should be broadly shared.
But what it will do is destabilize. We have worries about expectations. There is a fear that we will be too inflationary or that we won't grow enough. People on Wall Street are not as sophisticated as some people think. I don't mean…
These are the death panels. They weren't for old ladies in the health bill; they were for big banks in the financial reform bill.





