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."

"Well, the largest manufacturer in the country that does cellulosic just went out of business last year in the process."

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

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