The important thing to note is that the taxpayers are being paid.
We are going to change that law, and we are going to start working on it very seriously probably on the Senate floor next week.
In adversity lies opportunity.
I think it is appropriate for the well owner who derives benefit from the production to also bear the risk if those hydrocarbons are release...
We think it is the best thing for the American public. We think it is the best thing for the taxpayer.
I would say the $20 billion that the President got in an agreement with BP last night is--I would say it is a very good assurance to the Ame...
BP is paying the Federal Government, has stated that they want to continue to do that.
I am not quick enough on my feet to be able to figure out what percent of $20 billion $27 million would be, but it has got to be a small per...
If for some reason the costs just get to be a point where they cannot or will not, I think the trust fund is threatened.
They were appointed by Admiral Allen, and this team has been working hard to oversee BP's claims process on behalf of the Federal Government...
I believe no claims have been denied to date, which really I find hard to believe.
I would urge you to continue to work with the local folks down there to provide the answers that they are seeking.
We appreciate very much your appearance before our Subcommittee today.
Because I think it is pretty clear we are going to change it.
I strongly believe that the taxpayers of America should not be stuck with the bill for the tragedy in the Gulf.
What instructions has the White House given you about how this newly created independent trust fund might interact with your office and with...
All right. Thank you.
Do you find comfort in a $20 billion independent fund? That seems like a lot of money.
