Political Quotes

“I have an amendment at the desk. The CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 10, beginning on line 7, strike ``other regulatory entities, including''. Page 10, beginning on line 8, strike ``, the Municipal Securities Rulemaking Board, and any national securities association registered under section 15A of the Securities Exchange Act of 1934 (15 U.S.C. 78o-3)''. Page 10, after line 13, insert the following: SEC. 4. ACCOUNTABILITY PROVISION RELATING TO OTHER REGULATORY ENTITIES. A rule adopted by the Municipal Securities Rulemaking Board or any national securities association registered under section 15A of the Securities Exchange Act of 1934 (15 U.S.C. 78o-3) shall not take effect unless the Securities and Exchange Commission determines that, in adopting such rule, the Board or association has complied with the requirements of section 23(e) of such Act, as added by section 2, in the same manner as is required by the Commission under such section 23(e). The CHAIR. Pursuant to House Resolution 216, the gentleman from Virginia (Mr. Hurt) and a Member opposed each will control 5 minutes. The Chair recognizes the gentleman from Virginia.”