On the recordOctober 29, 2013
I have been sitting here for the past 45- 50 minutes watching the debate. It strikes me that with all of the financial terms and with some of the heated rhetoric--and it has been heated--I never thought I would see the day where enlightened self- interest was called a cancer in this Nation. I wonder what Alexis de Tocqueville would think about that. But in any event, with all of that, Mr. Speaker, it strikes me that we have lost sight of what we are talking about. We are talking about a bill, what the bill specifically does, and why. Let's talk first about why we are here. We have a situation where Dodd-Frank has given authority to the SEC to make some rules. The Department of Labor also thinks it has the authority to make rules in the same area. I hope we can all agree that there is a potential for conflict there. We all know what it is. We have seen it a hundred times before. We don't want the SEC to come out and say that you can't do X and have the Department of Labor come out the next week and say, but you have to do X. There are hundreds of examples like that in the Federal Government, and this bill is simply trying to address that. How is it trying to do that? What does the bill do? Number one, it asks the two agencies to work together. Someone please tell me how that is a bad thing--and a cancer of all things--on this Nation.…





