Political Quotes

“Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, I thank all of my colleagues, the Members who spoke here today, as well as the 20 Members who included their bills in this particular package. We have heard a lot of rhetoric. We have heard a lot of hyperbole. We have heard a lot of fearmongering, charged rhetoric, and, frankly, even some falsehoods today from my colleagues across the aisle. I want to be clear, Mr. Speaker, that again, the law requires any material information, including climate, and all these other things that have been discussed today, must be disclosed to investors, if it is material. Now, in 1976, the great Thurgood Marshall established standards of materiality in the TSC v. Northway case. Thurgood Marshall realized, as did the rest of the Supreme Court, that having just arbitrary and capricious and sort of willy-nilly rules surrounding what should or shouldn't be disclosed and what should and shouldn't be informative to the reasonable investor--his words and their words--to the reasonable investor, they needed to put guardrails around that. In 1976, Thurgood Marshall did that. This administration, after nearly 50 years, and their puppets in the supposedly independent agencies have turned that concept on its head. We see this time and time again because they cannot do this through the legislative process. They are turning to those regulators who are abusing their situations. Here are the facts.…”