Political Quotes

“I thank the gentleman from Texas for yielding. I also want to thank the gentleman from Delaware (Mr. Carney), the gentleman also from Texas (Mr. Conaway) and the gentleman from Georgia (Mr. Scott), who all, along with us, were able to work together in a bipartisan manner on this legislation. I want to begin my comments today by clearing up what might be called a knee-jerk reaction that some commentators have made about our efforts on this legislation. Today's legislation is not about deregulating the swap markets or creating loopholes for market participants. In fact, this bill is just the opposite of that. You see, there is broad bipartisan support for appropriately regulating the swap markets and for shining the proverbial light of day, if you will, on what was once an opaque marketplace. I agree that bringing greater additional transparency and clarity to this market is a positive thing for all--for American consumers and taxpayers as well. Yet I have significant concerns about how the ongoing Dodd-Frank implementation of this appropriate regulation is being conducted. Only in Washington, D.C., would you have two, not one, regulatory bodies tasked to work together to implement rules required by Congress and then have them working down two separate, entirely different tracks on rules that will impact literally hundreds of American businesses and thousands of investors. What you have is one agency over here.…”