Patrick McHenry actually said...

"Chair White testified just a few weeks ago before this committee that the SEC has all the authority necessary; no new authority would be needed for the SEC to regulate the asset management industry."

"There is a way for us to pass bipartisan legislation."

"I see the CFPB as a department that may have some concerns that have to be addressed. But we keep the department."

"So you have not fired somebody who has been proven to be--based off the financial terms of the settlement, it is clear to me that there was truth in this, if you are going to make such a financial set..."