John Sarbanes actually said...

"I think many of us feel that the opportunity to put in place some of the other recommendations from the Commission... presents itself at the time of doing that codification."

"If you can put new protections in place that create more confidence over time, that is going to be better for the industry."

"I want to commend you for your efforts to keep this reorganization moving in a timely way."

"Well, my impression is surely the industry is in a position to afford what again would, even increased, would represent a modest contribution to help with the resources of the agency."