Scott Garrett: “This legislation and the statute was intended--its very purpose was to protect the small investor.”

I find it difficult to believe that the SEC will know where to draw the line better than each individual investor.

we created a new system, the CFPB, which is above the law.

For too long our financial regulatory system has been governed by global networks of really detached elites who believe they are smarter than the market and the people when it comes to allocating and assessing risk.

I am speaking on behalf of the American taxpayer, that we are concerned that where the taxpayer dollars could potentially be as we return to these very loose underwriting standards.