Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in support of H.R. 5749, the Options Markets Stability Act, which would adjust the risk sensitivity of the capital treatment of centrally cleared options. Mr. Speaker, I congratulate my friend from Illinois and fellow member of the Financial Services Committee, Mr. Hultgren, for his tireless work on this. Mr. Speaker, it may come as no surprise that this may not be the most exciting portion of the work that is done in our committee, it is not necessarily the most sexy of issues that we deal with, but it is extremely important. I appreciate the work of the gentleman as well as members on the committee from all sides. As I said, Mr. Speaker, options are incredibly useful and powerful risk mitigation tools that can help protect an investor's financial portfolio. From buying puts to hedge the downside risk of owning a stock to writing covered calls to collect income and cap potential losses, listed options strategies are protective tools employed by individual investors, institutions, and pension funds. But options do have a sensitivity to the price of the underlying stock such that, at any given point in time, the value of an option will respond differently to changes in the price of the option's underlying shares.…”