Political Quotes

“I thank the gentleman from Michigan (Mr. Huizenga) for yielding his time. He has been a terrific leader on capital markets and has been serving in his capacity as we try and work hard for that low- and middle-income investor, that Main Street investor who is so important that we finally get some regulation and some guidance in place that is going to make sure that they are getting the information that is going to help them make good investment and savings decisions that are truly in the best interest of that consumer. The gentleman from Michigan (Mr. Huizenga), the ranking member of the Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets, is absolutely right. Since my very first year in Congress 7 years ago, I have been fighting for that Main Street investor. I have been fighting to make sure that the best interest of that investor is in place. This is not about Wall Street; it is about Main Street. It is about taking care of the low- and middle-income consumer. And the SEC has been dealing with this fiduciary rule and with the best interest standard for years and years and years. Mr. Chairman, we have studied it. We have had countless comment periods. It has been litigated. The investor testing has been done. Years and years have gone into this moment where the SEC is finally ready and has, in fact, moved forward with the best interest standard. The difficulty with this piece of legislation, H.R.…”