I congratulate you on the recommendation by my colleagues and your selection by the President of the United States as a candidate for a lifetime appointment on the U.S. Judiciary.

When DNI Clapper had his confirmation hearing in the Intelligence Committee, he listed the threats to America's national security. The No. 1 was cyber.

I am just worried that we are going to pass this bill as it ends up being amended, that it will go into effect, and we are going to pat ourselves on the back for having done something good about protecting America from cyber crime and from…

We want consumers to have a voice, and, frankly, the notion that this is unchecked, unbounded power is simply wrong.

Thank you for your willingness to serve, Mr. Cordray, in a very difficult time and in a very challenging office.

It is helping men and women in uniform, as Senator Reed pointed out, preventing them from being targeted by bad actors.

I think the other thing that we have to recognize, too, is as we go forward we are, I think, trying to ensure that we do not replicate the crisis of 2008.

I am someone who believes very strongly that the work of the Consumer Financial Protection Bureau must go forward and should go forward under the direction of Mr. Cordray.

I think we have got to move forward.

To block his appointment simply to express displeasure with either the process or the substance of the law is the wrong way entirely.

there is a lot of capital going into this market because of the way it is structured, the guarantee, the credit risk aspects.

the 30-year mortgage would be less available. Mortgage credit would be less available, and the credit availability that you would be able to access would be at a significantly higher price.

So one of the aspects of creating this new--and we all understand this is not going to happen next year, this is a phased adaptation going forward--would be to provide investor protections, but perhaps not in the same way that is done…

And I will not put words in your mouth, but if it is a single issuer, that likely could be a Government entity.

We have collectively for generations, both Republicans and Democrats and everyone else has said putting people in homes is key to America.

In fact, since 1965, more than 60 educational library studies have produced clear evidence that school libraries staffed by qualified librarians have a positive impact on student achievement.

I am concerned that the overarching strategy at the Department has been to focus almost exclusively on these untested, large-scale competitive grant programs at the expense of some proven research-based programs that have a track record of…

We want to continue to maintain that commitment.