Jack Reed actually said...

The proposal I have made is not to change that liability standard but to change explicitly the pleading standard.

the Treasury proposal would require firms to register, subject them to high compliance costs, put at risk some firms' intellectual property,...

What I believe we have to do is to give legislative support to the SEC's efforts to focus on transparency through enhanced disclosure, and a...

In our judgment, the credit rating agencies shouldn't be able to opt out of having high standards and a level playing field.