Political Quotes

“Mr. Chairman, I yield myself 30 seconds to say to my friend from Georgia when he talks about the incredible burden of a retrospective look back, I would quote: Because considerations of efficiency and competition in capital formation evolve over time, a retrospective analysis of the Commission's rules and regulations is fully within the Commission's statutory mandate. That comes from the ABA. I would also quote this as well: The safety of workers' retirement savings that are invested in the capital markets depend in large part on the Commission's rules and regulations for the protection of the investors. To be effective, securities regulations must be continuously updated to address the emergence of new loopholes, abuses, and market failures. AFL-CIO. Mr. Chairman, how much time remains on both sides? The CHAIR. The gentleman from Texas has 11\1/2\ minutes remaining. The gentlewoman from California has 10\1/2\ minutes remaining.”