Political Quotes

“Mr. Chair, I rise in opposition to this amendment. It is an admirable thing, what the gentleman from West Virginia is proposing, protecting investors, making sure investment money is secure and well protected, but this is attacking the SEC's private fund adviser rule, and that is something that protects investors. It has been designed with the intent to enhance regulatory oversight and transparency within the private fund industry. The private fund adviser rule increases investor protection by subjecting private fund advisers to registration and regulatory scrutiny by the SEC. When you hear the word ``regulation,'' think protection. The rule promotes market integrity and stability by minimizing the risk associated with private fund operations. Private funds can significantly impact financial markets due to their size and the extent of their investments. The SEC's private fund adviser rule aims to enhance investor protection. It improves market integrity, and it establishes a consistent regulatory framework for private fund advisers. This is exactly the kind of protection we need to instill confidence by investors in the market and keep capital flowing in this country. I urge my colleagues to vote ``no.'' I reserve the balance of my time.”