And even without this SEC extraction rule in effect, fraud will still be fraud and corruption will still be corruption. Both will still be illegal activities that should be punished to the fullest extent of the law. Voting for this resolution is a vote to right the ship. This is a vote to reset the regulatory process. Congress needs to send this flawed regulation back to the SEC drawing board and instruct the SEC to get the provision right by promulgating an appropriate rule under section 1504. I urge my colleagues to support this resolution.
Bill Huizenga: “And even without this SEC extraction rule in effect, fraud will still be fraud and corruption will still be corruption.…”
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