Deborah Ross actually said...

"Shouldn't the FSOC's primary focus be on making sure that these entities that may have systemic risks, that those are addressed properly rather than turning them over to the Fed to just say, here is a..."

"I know that you mentioned back in December that you were going to help develop recommendations to address potential risks in the asset management industry."

"When you look at a lot of investors that are utilizing asset managers to invest in retirement funds and college education funds, it almost becomes a cost prohibition to have this designation."

"And so, I have some proposed legislation that has some bipartisan support that I will be filing here shortly."