Frank Lucas actually said...

"So today we will consider seven legislative proposals aimed at fixing some important areas in implementation where the regulators, my friends at CFTC in particular, simply haven't gotten it right."

"They are aimed at ensuring that the regulators don't implement rules that conflict with, or are contrary, to what Congress intended."

"Ensuring that Congressional intent is followed by the CFTC is critically important to the entire end-user community."

"If legislation is not passed to clarify the statute's intent, end-users risk being caught up in the unintended consequences of the Dodd-Frank implementation."