Political Quotes

“Title II of the bill, the ALERT Act, contains needed transparency requirements so that hardworking Americans who bear the cost of new regulation at least know in realtime what is coming and what it will cost them to comply. Just like ordinary executive agencies, independent agencies should provide this level of transparency about the new regulations they are preparing. Why should the public not have the right to know as much about what the Securities and Exchange Commission is planning to impose as it knows about what the Environmental Protection Agency plans? Why shouldn't the public know as much about how the Consumer Financial Protection Bureau plans to regulate new car loans as it knows about how the Department of Transportation plans to regulate new car designs? The bill strengthens and protects the public's right to know. The amendment would allow independent agencies to hide the ball at the public's expense, and so I urge my colleagues to oppose the amendment. Mr. Chairman, I reserve the balance of my time.”