The SEC has never allowed corporations to bar investors who get cheated from bringing class action lawsuits.

Clarity could be do whatever you want. Clarity is what right now has cost American investors saving for their retirement $17 billion a year.

Financial advisers who put the high fees, the commissions, the kickbacks... cost hardworking Americans trying to save for their retirements about $17 billion every year.

I think it is fair for the----

Wow, I mean, forcing investors to give up class actions when they have been defrauded.

So two of the largest college collapses in the history of American higher education occurred recently when Corinthian and ITT imploded, ruining the lives of hundreds of thousands of students.

History shows us that for-profit colleges need heightened accountability, but I think there is a much larger problem here, and that is all colleges pretty much that access the Federal dollars, no matter the quality of the education that…

I don't see how we can reauthorize this law without fixing both the college accountability problem and the structural student loan debt problem that's behind this entire business.

I think part of what we're talking about here is about incentives, and I think that most schools are acting rationally within the terrible system of incentives that we've set up.

For-profit colleges are different, and when the Federal Government pours billions of dollars into these colleges, we should put some restrictions on the money that recognize those differences.

Mr. Miller, are for-profit colleges different, and should the Federal Government have rules that acknowledge that difference?