I've always believed that when skeptics began to feel the impact in their pocketbooks it would become more real.
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One way to address this... is the need to get the data, and get the consensus on where the risks lie.
I hope we can overcome that because I'm not sure why anyone would want to deny, you know, the American people the benefit of the facts here.
One way to address this... is the need to get the data, and get the consensus on where the risks lie.
I've always believed that when skeptics began to feel the impact in their pocketbooks it would become more real.
I thank the gentleman for yielding. We won't have a colloquy, however.
Senator Van Hollen and I have a bill to basically say the foreign investors and the foreign executives have to follow the same rules as the American executives.
I joined with several of my colleagues here to send you a letter urging you to reject a pending proposal by a private prediction market operator that could allow for illegal gambling on U.S. elections and their outcomes.
This would interfere directly in ongoing cases?
It is just to make sure that we have a complete, even playing field again to protect the investing public.
The idea was to make sure that companies, no matter where they are in the world, that are accessing our markets and using our exchanges, play by the same rules as American companies here.
The cop on the beat watching out for the investing public and issuers.
Another ongoing effort, as you know, which was launched a number of years ago now, was to put a price cap on Russian oil in order to reduce Russian oil revenues.
Well, I want to commend you and the Deputy Secretary, and others, on coming up with these creative, innovative proposals.
Could you just update the Committee on where that effort stands in discussions with our partners, with the G7, and elsewhere?
Joint action, collective action is going to be essential for that to be successful.
I appreciate that update, and I do hope action will be taken soon, because the trajectory... is clearly in the wrong direction.