Political Quotes

“I rise in order to express some thoughts on the amendment, but I do not intend to oppose the manager's amendment itself. The manager's amendment, Mr. Chairman, makes a number of technical changes in the bill, improving its precision, fixing drafting errors and extending the implementation time frames. These changes are acceptable and appropriate. The manager's amendment also makes a set of larger and more significant changes; namely, it alters the bill's wording in multiple places in an attempt to address recently raised concerns about the possible creation of explicit and implicit private rights of action under the bill. Regardless of one's position on whether these changes are needed, and whether they accomplish their intended purposes, the fact is that these modifications are coming late in the legislative process and indicates that the legislation is not well thought out. {time} 1415 Moreover, this is precisely the type of issue on which getting the views of the experts at the Securities and Exchange Commission would have been helpful and invaluable. That said, Mr. Chairman, I do not intend to object to the manager's amendment. Mr. Chairman, I have no further requests for time, and I yield back the balance of my time.”