Jack Reed actually said...

50 percent of these new fees are required to be used to improve permit reviews and related oversight activity.

Reed highlights the correlation between increased fees and improved oversight.

02/28/2012

More Jack Reed Quotes

I think, again, just to say, this is an issue that will not go away.

But our marketplace has been evolving very quickly and it is not clear that our rules have kept up.

Most of us consider American capital markets to be the best in the world.

I think what you have really exposed is the complexity of these issues, and there are not just one or two.