Speaker unverified: belief

Transcript context

…Has there been legislation that came out of the meme stock mania? No. I was actually disappointed in that, because we did a ton of hearings on it. The Democrats proposed some things. I don't say this is a partisan comment, by the way. It's just the reality. Republicans do the same chunk. We could have done some things maybe in a bipartisan way that I think would have been smart. The main thing we could have done is pass a bill to shorten the settlement time from two days to one day. That would reduce the risk in the system overall and probably would have prevented what Robinhood ultimately had to do, which was halt trading. But rather than do that, what they ended up doing was they took a whole bunch of things that they wanted to do for the last decade. They put them into a bill and passed the House. It'll never go anywhere in the Senate until nothing changed. Again, that sounds like a hit on the Democrats. I'm not trying to hit Democrats. I'm sure if and when we retake, the house majority will do the same thing. It's just kind of the frustration of Washington. It became a political casualty.…

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