Robert Menendez actually said...

"We should be open to calibration, however, in both directions, areas where protections may need to be strengthened and areas where the law may need careful tailoring to reduce costs of compliance and ..."

"I recognize, as someone who sat here during that whole period of time and was part of the Wall Street reform legislation, that no legislation is perfect, and the Wall Street Reform Act is no exception..."

"I hope we can strike the right balance between reducing compliance costs without undermining regulatory objectives."

"As the Committee considers proposals to change financial stability measures, it is important, in my view, to distinguish between those that are aimed to reduce costs or prevent unintended consequences..."