"I believe the same principles should be applied as we exercise our oversight responsibilities on implementation of Dodd-Frank."
"A margin requirement imposed upon end-users would subject them to significant cash burdens, cash that might otherwise be used to put to work in the economy."
"As we work to revive the economy and create new jobs, we simply cannot afford sweeping new regulations that are poorly vetted that impose substantial costs that outweigh the benefits for our financial..."
"The complexity of Title VII shouldn't be underestimated, but neither should the far-reaching impact it will have on our economy."
"This hearing of the Committee on Agriculture to review the implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act will come to order."
"I believe the law of unintended consequences is the hallmark of hastily considered rules and ill-conceived regulation."
"I have supported the CFTC's collaborative regulatory process."
"Today, this Committee begins what will be a long series of hearings to review the implementation of the derivatives provisions included in the Dodd-Frank Wall Street Reform Act."
"Although it may not have been perfect, Congress included an exemption in Dodd-Frank for end-users from the margin, clearing and exchange trading requirements."
"I would simply observe, I think, that we all realize that the Fed's, in effect, running the printing presses perhaps is the best policy alternative they have there right now in this situation."
"[W]e were able to improve areas most important to end-users--the manufacturers, the energy companies and food processors that use swap agreements to manage price risk so they can provide consumers the..."