Well, that would be the independent agency that is sitting out there that is outside the bounds of everything.

We are supposed to represent our States bringing that message from our States to our own government to say, 'Wait a minute, this does not work in our State.'

There is a Supreme Court ruling that just came out dealing with the Mortgage Bankers Association and the issue of interpretive rules.

How does that affect the decision of the agency as far as when you are evaluating effectiveness and cost-benefit, all of those things?

Well, the largest manufacturer in the country that does cellulosic just went out of business last year in the process.

Although Federal regulations have undoubtedly conferred benefits to everyday Americans, it is clear there are also regulatory excesses and significant burdens.

Again, that goes back to the common sense thing, and it goes back to the big picture thing.

This is the first hearing in a series of hearings to pursue the issues and solutions surrounding the Federal regulations.

I strongly believe in self-determination.

Thank all of you for your preparation and excellent testimony.

Mr. Chairman, I want to thank the gentleman from Colorado for his amendment that would complement the provisions in the bill ensuring a public nomination process and seeking greater balance. I appreciate the gentleman's efforts to improve…

Mr. Chairman, I claim time in opposition to the amendment, although I am not opposed to the amendment. The CHAIR. Without objection, the gentleman from Oklahoma is recognized for 5 minutes. There was no objection.

I thank the gentleman from West Virginia. I, too, want the best and brightest. That is why the core principle of the bill is on disclosure, make sure we know where the money goes. Mr. McKinley is taking this to the next point in this focus…

Mr. Chairman, I claim the time in opposition to the amendment, although I am not opposed to the amendment. The CHAIR. Without objection, the gentleman from Oklahoma is recognized for 5 minutes. There was no objection.

Mr. Chairman, I yield myself such time as I may consume to close. Mr. Chairman, we have listened to several points of view on different perspectives today. I think the majority floor leader and the chairman of the committee and a number of…

Mr. Chairman, I would apologize to the gentlelady. I was just informed that the majority floor leader would like to speak for 1 minute. I yield as much time as he may consume to the gentleman from California (Mr. McCarthy), the majority…

Mr. Chairman, might I inquire about the time remaining between the two sides? The CHAIR. The gentleman from Oklahoma has 16\1/2\ minutes remaining, and the gentlewoman from Oregon has 19\1/2\ minutes remaining.

Mr. Chairman, I yield 4 minutes to another outstanding gentleman from Texas (Mr. Weber).