So what happens when SECRETARY or the Commodity Futures Trading Commission (CFTC) or some other independent agency is working on a rule and you have other banking rules that are happening simultaneously?

What would you expect that they would do? What percentage or number that you would expect that they would do on a regular basis or is there a certain age to look at it and say, This rule is 30 years old and maybe it needs to be reevaluated?

Do you feel like you have the authority to be able to step into an agency and say, This is really important, this has to be done, or do you feel like that needs to be someone else or it is just really the agency that is going to make that…

OIRA has a responsibility to be able to work with the agencies to say, This regulation that you are proposing has an effect or is connected to another regulation in another agency or one that they are planning.

I have a company in Oklahoma that did not turn in their form to say they do not have any conflict minerals.

It is always nice to start a hearing on government efficiency 30 minutes late.

But it is obviously extremely important because when you are looking at cost and benefit, it is one of those factors that goes in that if it is not right, again when you look at a 20-year window or a 50-year window, it changes pretty…

It is an estimate, correct.

Right, but I am trying to get back to this 20-year amount that you say is what is typical.

But if the benefits are not for 20 years or for 30 years, I think that is the heart of Senator Enzi's question.

That seems a get outside of that 20-year window we were talking about.

We do not have to do that on a cost-benefit analysis on something that was very significant and it ends up being a very costly rule at the end of the day.

If there is not coordination, how do we get that if they are not included in this conversation with OIRA?

Is the standard then for the review of a rule, if they get a lot of complaints or a lot of praise?

somehow we have to be able to balance that out, and if there is a need for additional authority or responsibility, we have discussed 12866

Right. But there is a lot of authority there with the Executive Branch is where you have the ability to be able to have that dialogue where with the independent agencies it is only if they choose to come in and participate, and hopefully…

How do you ensure agencies are periodically doing a retrospective review that is thorough and is rigorous?

So that the hard question is, can you commit to us you will follow through on Executive Order 12866 in 2016 and even in the rush to try to get some rules done at the end, we are still going to do due diligence at OIRA?