Robert Menendez actually said...

"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..."

"Not only do the victims, who are disproportionately low-income and vulnerable populations, lose millions of dollars to these schemes each year..."