I want to say thank you to you and Mr. Smith and your very excellent staffs for the outstanding cooperation you have provided.

We need to keep this 119 license, and it would be my goal strongly to defend it.

I also want to commend you for organizing what I think is a very timely hearing on the reauthorization of the Satellite Home Viewer Act.

The purpose of this license was never to subsidize satellite service. It was always to serve people who could not get a distant network signal any other way.

It is my hope, Mr. Chairman, that working with you and Mr. Smith... we can agree through our conversations and our work together on a coordinated text.

I very much appreciate your holding this hearing, and I look forward to working with you and Ranking Member Smith on this very important legislation.

I was happy to see yesterday your Web site and some of your comments this morning about more transparency.

If I understand you correctly, you are saying these banks that through the potential of falling below their minimum capital requirements will require some additional infusion.

So the bank will be----

I would like to see some more information on that.

Mr. President I just to want to thank you very much for having us. It's been a great opportunity, I think, for us to really come together on some of these very, very big issues.

It's a great opportunity, I think, for us to really come together on some of these very, very big issues.

What does the plan do for the 90 percent of mortgage holders not in default? And will federal aid go to banks who gave out mortgages they shouldn't have?

I think one of the greatest embarrassments in the United States of America is the fact that we have an air traffic control system which is analog.

This is something we have done in the Commonwealth of Virginia.

I support that.

I do want to start with you, Dr. Holdren, though.

What I am saying to you is that we have a President now who seems to be enormously interested in technology and efficiency.