On the recordJanuary 12, 2017
I believe the sponsor of the amendment was in the Chamber when we were discussing this on the last amendment. Federal law, as well as SEC supplemental regulations, already govern ethics and conflicts of interest. It is well-known, especially if you check out my Twitter account, I think, that most people who support this President don't believe I support this President enough. A number of people would say that I haven't supported the SEC Chairman to the level that I should. This, frankly, is insulting to the current President as well as the Chair. Implying somehow that this Chair has preyed off of poor people until they went bankrupt, as was just sort of laid out by the sponsor of this, is an insult. To believe this of the SEC Chair, who is typically--and I know in this particular case is--a very accomplished professional, is amazingly shortsighted, I believe. Additionally, the Chair is required to receive personal annual ethics training as well as an initial ethics briefing. I direct the sponsor to review the statute on this. Additionally, the Chairman and the Commissioners are required to file an ethics agreement letter in which she will agree to divest prohibited assets, and if she has not done so prior to the appointment, she is to recuse herself from matters in which she has financial conflict or the impartiality conflict, which can be found also in code.…





