Bill Huizenga actually said...

I don't take handing over more authority to the SEC lightly, but we cannot call something independent if it is not actually independent.

I am not one to hand over authority to the SEC or any other regulator willy-nilly and without purpose and reason.

Materiality is the watch word. And the most recent disclosure rule that the SEC has issued is not material.

It is safe to say that when Congress created the Board, they intended it to operate independently and without regard to political considerat...