Did I hear you say that there was a study that showed 80 percent of all of the rulemaking coming out of the SEC has no congressional mandate?
Bill Huizenga: “Did I hear you say that there was a study that showed 80 percent of all of the rulemaking coming out of the SEC has no…”
Editor's note · Context
Huizenga questions the authority of SEC rulemaking based on a study.
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I simply note that if this was about protecting investors and maximizing their profit, we wouldn't force them to go into a lower return product like my colleagues are trying to do. Mr. Speaker, I yield 2 minutes to the gentleman from…
I will note that, for some, the louder and longer they say something, they hope people will believe it. Mr. Speaker, I yield 2 minutes to the gentlewoman from Missouri (Mrs. Wagner), the chairwoman of the Subcommittee on Capital Markets.
I continue to reserve the balance of my time until the gentlewoman is prepared to close.
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