Under the legislation, the SEC or the PRO could consult or contract with private sector regulators and companies to get the necessary insight as well as the systems and processes to get this organization on its feet in a timely manner. I am confident the SEC and the PRO will take such measures as necessary to move with all deliberate speed.
Discussing the role of the SEC and PRO in implementing new legislation.
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More from Hon. Michael G. Oxley
I look forward to clarifying this language with the help of the gentlewoman from Ohio.
I am not going to claim opposition because we support the amendment. I would just say to the gentlewoman, we are pleased to accept her amendment.
I would echo that. And I am glad we changed the rules, by the way, that one can mention that body instead of referring to it as, quote, the other body. In any event, this is meaningful legislation that we indeed want to pursue in the other…
Mr. Chairman, to close, and again in opposition, I think it is unfortunate and really not necessary to put Republican-Democrat in the statute. That is really what we are trying to do; that is what the gentleman from New York is trying to…
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