To keep the Alabama residents and voters of Huntsville and North Alabama appraised of the events taking place in Washington, DC, and U.S. Senator Richard Shelby's updates on doing the peoples work through government business, the following statements were issued to Hank Richards at the Examiner for quote recap and for constituent publication.
Said Shelby in his message to Hank Richards with the Examiner, “The Inspectors General reports deepened my concern that the regulatory agencies charged with implementing Dodd-Frank are not undertaking the type of economic analysis that is necessary to reveal how Dodd-Frank will affect our economy.
In the coming days, Republican Banking Committee staff will conduct in-depth briefings with each of the Inspectors General to discuss the methodologies and findings contained in their reports, as well as next-steps. We must continue to monitor and improve the amount and type of analysis that the financial regulators are conducting in implementing this far-reaching law.”
Based upon the results of his initial assessment, the SEC’s Inspector General has stated that he will be conducting a more in-depth review of the cost-benefit analyses performed by the agency under his supervision. An examination of all of the IG reports raised a number of specific, preliminary concerns that Shelby assured will be addressed.
____________________________________________________________
To receive a daily copy of this column, click "subscribe" at the top of the page. To leave a comment, scroll to the bottom of the page.
This column was prepared for publication by Hank Richards, Examiner writer for Huntsville, Alexandria, the British Petroleum Recovery Program and the Gulport/Biloxi/Gulcoast restoraton region.
To report a breaking story or to write a letter to the editor for publication, contact Hank at (256) 417-6084 or send at email to tips@pronlinenews.com at his website www.pronlinenews.com
Comments