mr. raskin of maryland. the chair: pursuant to house resolution 40, the gentleman from maryland, mr. raskin and a member opposed each will control five minutes. the chair recognizes the gentleman from maryland. mr. raskin: this amendment will require both the chairman of the s.e.c. and its commissioners to undergo a comprehensive professional ethics training in order to ensure that all s.e.c. regulations and actions are free from conflicts of interest that may arise from their past or future employment or by legal representation of regulated entities. this training into ethical standards that were just invoked by think distinguished colleague from michigan is critical to guard against regulatory capture and protect the public interest. the whole challenge of a republic is how to get legislators and other public officers who are agents of the people to serve the common good rather than their own private interest. in the cost benefit terms of this legislation, you would call this the agency problem. our consti

mr. raskin: to provide for organizing, arming and disciplining the militia, and for governing such part of them as may be employed in the service of the united states, reserving to the states respectively, the appointment of officers and the authority of training the militia according to the discipline prescribed by congress. mr. goodlatte: the gentleman from texas, mr. williams. mr. williams: to exercise exclusive legislation in all cases whatsoever, over such district, not exceeding 10 miles square, as may be by cession of particular states, and the acceptance of congress, become the seat of the government of the united states, and to exercise like authority over all places purchased by the consent of the legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dock yards and other needful buildings. the gentlewoman rom washington, ms. jayapal. ms. jayapal: and to make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this constitution in the government of the united st

mr. raskin: to provide for organizing, arming and disciplining the militia, and for governing such part of them as may be employed in the service of the united states, reserving to the states respectively, the appointment of officers and the authority of training the militia according to the discipline prescribed by congress. mr. goodlatte: the gentleman from texas, mr. williams. mr. williams: to exercise exclusive legislation in all cases whatsoever, over such district, not exceeding 10 miles square, as may be by cession of particular states, and the acceptance of congress, become the seat of the government of the united states, and to exercise like authority over all places purchased by the consent of the legislature of the state in which the same shall be, for the erection of forts, magazines, arsenals, dock yards and other needful buildings. the gentlewoman rom washington, ms. jayapal. ms. jayapal: and to make all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this constitution in the government of the united st

mr. raskin center announced them. >> i think it's important to point out that that wasn't just one or two employees. you had a battery of employees over those years. >> s., senator. that's correct. a dozen or so. >> i have of course talk to the chairman about this. you are forthcoming in your questionnaire that you felt out for the committee. you were a private citizen of that period of time and it was only until such time you had renamed commerce secretary that you then reject and then found out that one of your dozen or so employees had in fact deceived you. is that correct? >> yes, it is, senator. >> immediately dismiss that employee. >> that's correct. >> À la kurt and 10 within the past month. >> that is correct also. >> okay. can you share with the committee what i stated in the opening statement that you have not installed many businesses. you know what the critics have said. you know those who have sad that you have been a job creator of praising your work. so, could you share with us how you would characterize that part of your business and does your record demonstrated that as s