John Sarbanes actually said...

"It is a great missed opportunity because the way things work, frankly, in the public and around here is that you get people's attention for a certain period of time, and if you don't seize the moment,..."

"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 ..."

"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."