On the recordOctober 17, 2019
Just to address a couple of things: This bill clearly says it will add Form CRS to the list of exempted disclosures that would not require SEC investor testing. It has nothing to do with cryptocurrencies unless, somehow, magically, a crypto broker appears. There is no such thing. It has no application. This amendment is only going to be narrow. It is going to exempt Form CRS from having to go through this again. The author of the bill had said that he had no interest in relitigating current rulemaking. Here is the opportunity to prove it because, I would hope, Mr. Chairman, that we would all agree that Form CRS does not need to be subject to further testing. It has been 7 years. I don't want it to be another 7 years. As my colleague from Indiana earlier was saying, 600 rules at 6 months per rule is 300 years. We don't have that time. Mr. Chair, I hope that my colleagues would support my amendment, and I yield back the balance of my time.
