James Lankford actually said...

"I want to know how that is going at this point, and if any additional legislation is needed to help expedite the process."

"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."