Jack Reed actually said...

"So it would be very clear that this regulator would be the primary regulator of all these functions, even if they feel under the range of CFTC or SEC."

"Today's hearing addresses a critical part of this Committee's work to modernize the financial regulatory system--strengthening regulatory oversight of the safety and soundness of banks, thrifts, and h..."

"Should we have this agency dedicated funding, not through the appropriations process?"

"We need to find ways to help public companies align their compensation practices with long-term shareholder value and, for financial institutions, overall firm safety and soundness."