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."

"I assume you believe that in the Congress' response to what was one of the biggest disasters we have had in recent memory in terms of environmental impact, should go beyond just a simple 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."