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

This legislation codifies the common-sense principle of using a rules-based approach when determining monetary policy.

But why would we want to extend the taxpayer subsidy and bailout safety net to capital markets and asset management?

Yes, we have the opportunity today to save capitalism from cronyism. Yes, we have the opportunity to protect the American taxpayer and the American Dream and to preserve free enterprise.

Do you see a need to benefit the Goldman Sachs CEOs of the world and pay them more than the small, local banks on Main Street where my constituents have to invest their money?