James Lankford actually said...

"Although Federal regulations have undoubtedly conferred benefits to everyday Americans, it is clear there are also regulatory excesses and significant burdens."

"My first response on that was, what is an interpretive rule? Is that clearly defined in law what an interpretive rule is?"

"There is a Supreme Court ruling that just came out dealing with the Mortgage Bankers Association and the issue of interpretive rules."

"How does that affect the decision of the agency as far as when you are evaluating effectiveness and cost-benefit, all of those things?"