On the recordMay 17, 2013
I yield myself the balance of my time. Mr. Speaker, I am delighted to be on the floor today as we approach this issue about the Securities and Exchange Commission, the SEC, in that we would simply codify in the law an understanding that they would need to, as they have the task of addressing the large rules and regulations that they have--but not for every rule and regulation--put a cost-benefit analysis in their process. It makes sense. I find it very amazing that our colleagues have taken this to the level that they have in trying to say that we're doing this to be for big banks and against the American people or consumers. That is a farfetched idea. It is about the rules and regulations that they talk about, just like government agencies would be required to have. In a larger sense, here is why we are here today. Here is why Republicans are doing what we are doing with the budget, with a jobs bill that was passed by this body, why we are trying to talk about what we would do with sequestration--the President's idea. This House has passed numerous times information, our ideas, giving the President the ideas about how we think sequestration should work, a debt limit. We are faced with another debt limit vote here in our future. Two weeks ago, the House talked about how that should be handled. That bill was completely mischaracterized.…
Source
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