Patrick McHenry actually said...

"I believe that they should be subject to the same economic analysis that the current guidance demands."

"Your work is important and it has an enormous impact on large and small businesses and economic growth."

"The SEC has put forward this memo; it is binding on the staff to actually look at the costs and the benefits of rulemaking."

"I appreciate your prompt action on cost-benefit analysis, and the draft guidance that you have put forward."