Yes, I take it that you cannot approve loans for research-type of projects. You can only approve loan guarantees for commercially feasible projects, not for research activities. Is that correct?

Thank you, Mr. Chairman, and thank you the panel members.

the amount that we have in so many of our programs is just incredible in comparison to this one.

I would hope that we'd be able to work something out that would be an improvement and would work with the Chairman to hopefully accomplish that.

It's certainly not a newsworthy item that someone has found out that there's a Federal program in Washington that could be subject to waste, fraud, and abuse.

There's not a lot of programs that we could say that the way we've run them we've actually made money while trying to help people by loaning them money.

Let me tell you, the law--I mean, this is the section I wrote in 1976 in Subsection B, says the Secretary making appointments under this statute shall, to the extent practicable, ensure a fair and balanced apportionment.

We shouldn't have to litigate every issue that comes up in order to find the right solution to the problem.

This is really the first we've had on fishing issues in over a year, and I think it's very timely to take a look at where we are.

We've got the councils--8 councils out there making major decisions with a sort of oversight process in Washington.

I think we're in a crisis not just in the resources, but also in the entire management program.

I think it has increased to an unacceptable point.