Mr. President, I appreciate the Presiding Officer's forbearance and also the cooperation always of the chairman of the Banking Committee, Senator Crapo. We had a good hearing today on reinsurance and on European Union issues on insurance regulation. I appreciated the work we were able to do there and the work we are doing on Russian sanctions, which is increasingly important, as we see, as the clear links between Russia and the American elections are becoming clearer. The links are becoming clearer and clearer to Senators in both parties. I rise in opposition to the nomination of Jay Clayton to the Securities and Exchange Commission. We have seen this movie before, where we nominate someone to chair the Securities and Exchange Commission who starts off almost handcuffed with their hands behind their back because he has--as did his predecessor--far too many conflicts of interest, far too many demands for recusal, far too many cases he has worked on. We hear of a President who talks about draining the swamp, who wants regulators and people in Washington who don't have conflicts of interest and who can look at this in a fairminded, clear-eyed way. Instead, we see a White House that is full of Goldman Sachs former officials. In fact, the White House on some days looks like a retreat of Goldman Sachs executives. That is a long way from clearing the swamp. What we are seeing in the case of Mr.…
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