Political Quotes

“I wonder, Madam Chairwoman, whether folks opposed to my amendment would be in favor of requiring every single person and corporation to disclose every dollar that they give. That is essentially what you are saying here: We want to treat publicly traded companies differently than we want to treat every other company and every other individual. And we realize that the FEC isn't competent or qualified to do that job, so we want to add another agency to do this. President Obama's own Chair of the SEC stated: When disclosure gets too complicated or strays from its core purposes, it can lead to information overload, a phenomenon in which ever-increasing amounts of disclosure make it difficult for investors to focus on the information that is material and most relevant to the decisionmaking of investors in the financial markets. As has been stated, the fiduciary responsibility of the directors of the company, of the shareholders, and of the people making investments is a common denominator. There may be disparate political views in these days--there surely are--and unpopular positions may be at odds with the fiduciary responsibilities of companies. This should have been debated in a Financial Services Committee--one of the other flaws of this path that we are on today--subrogating all of the authority of the other committees with only a handful of the amount of participation.…”