Bill Huizenga

I have seen a lot of discussion about investor protection, a little bit of conversation about entrepreneurship, not a whole lot, and it has been a big fat zero on the capital markets side.

The message I keep hearing from the President and my friends on the other side of the aisle is that we need to spend even more.

Look, we all know that inflation is real. It is hitting, whether it is gas at $3.79 versus $2.74 a year ago.

I am afraid that our spending habits are putting you and all policy decision-makers in an even tighter box.

I want to make sure that what we do, not just here today, but in the future--we tend to be lag indicators at the government level and with regulators rather than on that front end, and I am hoping that we do nothing to harm their…

I continue to support this amendment, and I am happy to accept it. Mr. Speaker, I yield back the balance of my time.

Just a point of information for the chair from California: We have one more speaker, and I will be prepared to close. Mr. Speaker, I yield 5 minutes to the gentleman from Kentucky (Mr. Barr).

We need to pursue these and make sure that we remove those barriers, not put more up.

I do appreciate your having this hearing. I know this is something that has been important.

I know what it is. What I need to know in this short amount of time is about the materiality.

How do you think we determine what those estimates should be? Through the completion of the prior year return.

Extending the filing date of the 2020 tax returns was not an option. It was a necessity because of all of the stuff being thrown at us this year.

I have to tell you, I know some accredited investors whom I wouldn't have invest $10 of mine, because these people--I would never call them 'dumb', but they are 'un-smart.'

It seems like some of my colleagues would maybe like to return to a pension system where someone else controls the investments, and you get a guaranteed outcome no matter what, versus sort of the more individual responsibility that we now…

This hearing is an important part of Congress' oversight of our capital markets, and it is also a great opportunity to reaffirm support for retail investors' participation.

We are hoping to get one more person here who is on their way, so I continue to reserve the balance of my time.

I don't think I have ever heard a SEC Chair even come close to thinking that insider trading or that enforcement is somehow not acceptable.

I think that point has been made. It is more than just one company.

This subcommittee should not be used as a name and shame game for companies for wrongdoing that has been perceived to have happened.

Insider trading is not only wrong, it is illegal, and not only does it hurt the integrity of our capital markets but it also hurts our Main Street investors as well as Mr. and Mrs. 401K.

It has famously been said that the definition of insanity is doing the same thing over and over again, and expecting different results.

This conversation about CalPERS does affect those of us in Michigan and Ohio and other places as well.

I appreciate that. I just wanted to clarify and make sure that we are all on the same page. And I might add that I deeply respect my colleague and friend from Georgia, and we have worked on some issues. I will note that HUD has not been…

I appreciate the ranking member doing that. Let me just wrap up. By using the Congressional Review Act to overturn this critical final rule, my colleagues on the other side of the aisle will only delay progress and harm the very…

I believe that the way the leverage ratio requirements in the program are currently drafted, it unfairly punishes companies such as La Colombe.