Political Quotes

“I support this amendment offered by Congressman Hollingsworth, who is a great member of our committee. But folks watching this, you have to understand what is going on. You just heard about how we are trying to roll back things, roll back bipartisan consensus. We have bipartisan consensus on this. This very issue was in a bill that was proposed by current OMB Director Mick Mulvaney. In fact, when it came out of committee, there were 4 ``no'' votes against it. The ranking member herself voted for this very issue in a Business Development Corporation bill, a BDC bill, that had been sponsored the last Congress. In addition, the omnibus bill that had passed had this very provision in it as well. So what you are seeing is hypocrisy, at best. Gamesmanship and politics really is probably what is going on. This amendment builds upon a bipartisan provision in the CHOICE Act that directs the SEC to do something that had been an oversight. It is streamlining these securities-offering provisions. I know it is complicated and very esoteric, but these well-known, seasoned issuers, or WKSIs as they are known, really have been a secure and safe way of investing for Joe and Janet retirement investor. That is what I like to the call them. It is my mom and dad and your mom and dad, us, and our brothers and sisters. It is retail investors. What this amendment does is conforms the filing and offering regulations for closed-end funds to those traditional operating companies.…”