On the recordApril 14, 2011
the longer the Senator from Maine talks, the more reason there is not to bring that up in the status that it is in now. She is absolutely right. The issue she talks about in the Wall Street reform bill was brought in at a time when there hadn't been hearings, and it has created a furor around the country. Now there are people on all sides of the issue trying to change that. That is why we need to hold hearings. She is absolutely right. The more she talks, the more reason there is not to do this amendment. For her to suggest that regulatory reform is something she is all- knowing about--and she hasn't said that, but that is the implicit statement she is making--I understand regulation reform. It is a burden, and we have to change it. We have been through a number of procedures here. We can remember during the Clinton administration when Al Gore was in charge of reducing regulations, and we did a lot of that. It was good, but we didn't do enough. I worked with a Republican Senator by the name of Nichols from Oklahoma. We changed the law drastically, and it has been used in this Congress and the last Congress on several occasions to get rid of bad regulations that an administration promulgates. We now have the ability to do that. Is there more we can do? Yes. But to march into this, as suggested by my friend from Maine, would cause people to make a decision on legislation that has not been adequately reviewed.…





