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McHenry angry about public input

Congressman Patrick McHenry is in the news this week, railing about the decision to allow public input into a move to weaken investor protection laws. Firedoglake has a good summary of the story.

Congress created tight deadlines in the JOBS Act for rule promulgation, ones which would have made a public comment period impossible….Investor groups sought the opportunity to make their case, said they would take the SEC to court to ensure that, and Schapiro ultimately decided to follow the normal course of action with a public comment period. So McHenry is mad that the public gets to weigh in, as per usual, on the terrible ripping up of investor protection laws envisioned by the JOBS Act.

 

8 Comments


  1. Raleigh Citizen

    December 4, 2012 at 8:07 am

    And Chris, where’s your post about Mayor McFarlance circumventing public input into the Dix Park deal? Different standards depending on different policy positions huh?

  2. Chris Fitzsimon

    December 4, 2012 at 9:02 am

    I’ll be writing about Dix later today. That is an issue that has been debated for almost ten years and was the subject of a legislative study and public hearings at the state and local level. Below is a link to a 2004 story about it. We have talking about this for a long time.

    Hard to see how that is the same as denying public input on a rule change affecting investors when public comment is routinely allowed as part of that process. But nice try.

    http://www.wral.com/news/local/story/108840/

  3. Frank Burns

    December 4, 2012 at 9:16 am

    The Dorethea Dix deal doesn’t pass the smell test. It seems as if the Democrats have been sneaking around behind the NC taxpayer’s backs and cooking up this sweetheart deal for the city of Raleigh. Gov McCrory needs to review the deal and make sure the interests of the State of NC are foremost, not the City of Raleigh.

  4. david esmay

    December 4, 2012 at 9:23 am

    Frank you don’t pass the smell test, you’re full of **** as always. What does Dix have to do with that little gnome from Charlotte proving once again he is nothing more than a corporate lap dog?

  5. Frank Burns

    December 4, 2012 at 10:02 am

    David, Please correct me if I’m wrong, but I was under the impression the Dorethea Dix facility was a state owned facility, not a city owned facility. If in fact it is a state owned facility, it would be appropriate for the new Governor to overule any political decision made by sneaking around Democrats.

  6. david esmay

    December 4, 2012 at 11:11 am

    What does that have to do with the subject at hand? Nothing.

  7. Frank Burns

    December 4, 2012 at 11:45 am

    It is a followup to the note from Chris Fitzsimon, above. Maybe you missed that.

  8. Bob

    December 4, 2012 at 4:10 pm

    Chris, your post really missed the point. The legislation in question already passed nearly with wide bipartisan support including that of President Obama and Senator Hagan. The professional staff at the SEC recommended an interim final rule and Schapiro stopped it because she was worried about how it would make her look. This reporter from CNN was very perturbed after the SEC repeatedly fed journalists inaccurate information:

    “Oh, I get it. The head of the SEC only is required to work on rules that square with her self-image as protector of the little guy. Never mind those pesky legislative directives. After all, no Congress or President is superior to an appointed regulator’s narcissism.”

    http://finance.fortune.cnn.com/2012/12/03/schapiro-jobs-sec/

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