Political Quotes

“As an administrator and policymaker at the local, state, and federal levels, I have often seen the value of common-sense regulations. I have also seen the challenges associated with cumbersome regulations that can appear to be bureaucracy at its worst. While I am very open to discussing how we can make regulations more effective and efficient, I am extremely disappointed with the anti-regulatory agenda of the House leadership prevalent last Congress and again reflected this year in H.R. 1062, the SEC Regulatory Accountability Act. H.R. 1062 would require the Securities and Exchange Commission, SEC, to add burdensome new procedures to regulatory processes that would unnecessarily delay the rulemaking process and consumer resources better directed to protecting consumers and ensuring a robust and effectively-regulated financial market. I supported the passage of the Dodd-Frank Wall Street Reform Act to rein in Wall Street, end taxpayer bailouts of big banks, and protect consumers. Under this Act, the SEC was charged with regulating a number of previously unregulated or under-regulated Wall Street and financial service sector activities that led in large part to the 2008 crisis. This is a hugely important job. Putting an additional layer of bureaucracy on the rulemaking process will not benefit the American people or our economy.…”