Without BP paying for it at that point since they are not agreed. What sources of funding do you have?

I would like to discuss the IRS information that shows the top 400 income earners in the country who earned over a quarter of a billion dollars each actually paid taxes of 18.2 percent.

It is really important that I think people should pay their fair share.

A number of you have discussed sales to the military as an area of particular concern in terms of counterfeiting.

China appears to be the most dangerous and active nation state actor, malefactor, in this area.

I have said that we are on the losing end of the biggest transfer of wealth through crime and piracy in the history of humankind.

Senator Coons and I have a bill on our side, joined by Senator Graham and Senator McCain on the other side, to increase the penalties for military counterfeiting.

We are talking about a very significant crime. We are talking about a crime that has colossal economic impacts on our country.

It is less effective--and we saw this particularly in the case of predatory lending--when the national standard is rather low and State standards, much more effective, are legally sort of avoided under Federal regulatory preemption.

they should be held accountable by this Committee.

Is it feasible, practical, to insist that we have jurisdiction--if it is an American entity that has set up the center overseas, that we have jurisdiction and that we can at least inspect, investigate, and correct?

I have seen sort of this debate in many different contexts, and a national standard is terrific if it is tough and strong and reaches all the players.

the U.S. law applies to the U.S. business.

Well, thank you very much, Mr. Chairman. Thank you, gentlemen, for your excellent testimony.

I want to commend you for holding this very timely hearing.

But a domain clears that issue, does it not, by making people aware so that there is consent before you enter it?

And I will add also a report from the Center for Democracy and Technology entitled 'Cybersecurity: Evaluating the Administration's Proposals,' dated June 21, 2011.

Are you satisfied that the existing resources will do the trick, or do we need to think about scaling up to meet this threat?