Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise today in strong support of H.J. Res. 41, introduced by the gentleman from Michigan, (Mr. Huizenga), the chairman of the Subcommittee on Capital Markets and Government Sponsored Enterprises of the Committee on Financial Services. This resolution disapproves a burdensome and controversial Securities and Exchange Commission rule that places an unfair burden on American public companies that is not applied to many of their foreign competitors. Virtually every day we hear from many Americans about how this economy is just not working for them. It is just not working for working Americans like Keith from Dallas in my district who wrote me: ``I am 53. I have a grown son who lives with me. It seems like the cost of everything keeps going up, yet wages do not keep pace.'' The economic opportunities of Keith and millions of Americans like him are not helped by top-down, politically driven regulations that give many foreign companies an advantage over American public companies. That is exactly what this Securities and Exchange Commission regulation that we are talking about today does. It forces American public companies to disclose inexpensive proprietary information that can actually be obtained by their foreign competitors, including state- owned companies in China and Russia.…”