On the recordMay 24, 2016
we will be voting on something known around here as the fiduciary rule, which the Senator from New Jersey just spoke on, and later we will be voting on inspection of catfish. Now, people might wonder, as significant as those two issues are, why we are not dealing with the Defense authorization bill that Senator McCain has been pressing our Democratic friends to allow us to get started with. For my money, there is simply nothing more important for the Congress to do than to make sure our men and women in uniform have the support and the resources and the training they need in order to fight our Nation's fights and win our Nation's wars. But because of the objection of the Democratic leader yesterday, here we are. I have to say to my friend, the Senator from New Jersey, talking in support of this fiduciary rule that was created by Dodd-Frank, to me, this just exemplifies this paternalism which has typified this administration when dealing with the economy. They don't actually believe consumers know how to make good choices for themselves, so they are going to force a Federal regulation and rule and a one-size-fits- all standard on the financial services industry. I have to say that I don't think it is any coincidence that our economy grew at one half of 1 percent last quarter.…
Source
govinfo.gov




