Assertion that the Dodd-Frank Act exacerbates regulatory burdens.
05/12/2015
https://congress.gov...
We introduced this in the last Congress. Congressman Carney, now Governor Carney, and I worked closely together on this proposal.
Since 2011, the SEC staffers have spent 7,196 hours at the cost of $1.1 million solely to write the pay ratio rule.
It is outrageous and I think this is, per your testimony, ripe for reform.
We hope that we will get good movement not just here in the House but also in the Senate.