Patrick Toomey actually said...

If we do have global uniformity, then that obviates the need for extraterritoriality in our regulations in the first place.

Toomey argues that global uniformity in regulations would eliminate the need for U.S. extraterritorial rules.

07/20/2011

More Patrick Toomey Quotes

The best form of consumer protection is a robust, competitive market.

one of the principal virtues of the true lender rule is that it creates a clear rule, provides certainty in advance about who is responsible...

In the last decade, we have seen financial technology companies--fintechs--driving new innovations in the financial markets.

The idea is not consistent with the concept of a pluralistic, capitalist democracy.