Political Quotes

“I share my colleague's concerns about the challenges that senior investors face. I have had that with my own parents, who, unfortunately, are no longer with us. But I was a part of those investment discussions and decisions, and I had a brother who was very, very involved in that and a sister who also. We all worked together as a family, trying to figure this all out. This is a concern that all of us had. The author of the amendment was also the author of the Senior Security Act, which I supported, and massive bipartisan support came out of this House. Many people would be surprised about that, I would bet. But I am opposed, however, to adding to the already significant requirements of this investor testing bill. I will note that the bill, as drafted, would already require that the SEC do whatever testing it, in consultation with the Office of the Investor Advocate, determines is ``appropriate for evaluating the effectiveness of retail disclosures.'' It doesn't say for young people. It doesn't say middle-income people. It doesn't say for old people. It says for everyone. This is already covered. Earlier, you heard my amendment, that I was going to add to an exemption. Well, there is already a list of exemptions, that forms are exempted. Mine would have been in addition to that.…”