All of these proposals aim to keep capital in the hands of businesses that we need to lead our economic recovery.

We have heard from businesses that are concerned that some Dodd-Frank regulations will actually inhibit their ability to manage risk.

They are aimed at ensuring that the regulators don't implement rules that conflict with, or are contrary, to what Congress intended.

So today we will consider seven legislative proposals aimed at fixing some important areas in implementation where the regulators, my friends at CFTC in particular, simply haven't gotten it right.

This is the seventh hearing we have had regarding Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

We have heard confusion about the order of regulations being proposed and concern about the scope of the regulatory definitions.

We have heard that some regulations may impose significant costs that aren't being accounted for by the CFTC.

It is imperative that we move forward with this legislation and I respectfully request that the other Members of this Committee support this bipartisan effort.

That is why we strongly support the Stivers-Fudge bill, which recognizes that inter-affiliate swaps do not create systemic risk.

We continue to travel down the same path; ever since this shameful failure by the Miami VA Health care System came to light.

It is beyond unacceptable for that to occur before this Congressional oversight Committee.

If policies made by Central Office can easily be circumvented, then policy makers at VA must be held accountable.

More than once, VA has come before us and said problems at its facilities are fixed and 'all is well.'

However, as of the latest report I have read, dated August 2011, there is still a widespread failure within the Miami facility in its handling of RME's, or Reusable Medical Equipment.

It seems that each time I come to one of these hearings, I find myself saying the same thing: we continue to travel down the same path;

If employees are circumventing patient safety policies, they must be held accountable.

ABA appreciates the efforts of this Committee to ensure that implementation of the derivatives title of the Dodd-Frank Act agrees with the intent of the Congress.

We did not contribute to the financial crisis and we don't pose a threat to the financial system.