Bob Wise: “I think somewhere there has to be a middle ground between the previous Republican speaker who was ecstatic that we were…”

“I think somewhere there has to be a middle ground between the previous Republican speaker who was ecstatic that we were going to be allowed 8 full hours of debate. Of course, that includes voting time, which, if you look at the chart of the last bills under this so-called open rule procedure, means about 25 percent of that debate time is taken up. Somewhere between 8 hours that the Republican gentleman was excited about and the 200 years of common law in jurisprudence and getting into court, that threatens to be upset. So somewhere between 8 hours of debate time and 200 years, perhaps we could have a little more debate time. I am delighted that the gentleman from Louisiana is happy. I am happy it is coming to the floor. But I think on something of this magnitude, dealing with the securities industry, one of the pillars of the economy in our country, that you need better than 8 hours of debate time, including the voting time. Remember, the voting time takes a minimum of 17 minutes.”