All Quotes

I believe that the language that I have introduced should give the Fed the clarity it needs.

I want to especially thank you, Chairman Brown and Senator Johanns, for your hard work.

My legislation would add language to Section 171 to clarify that in establishing minimum capital requirements for holding companies on a consolidated basis, the Federal Reserve is not required to include insurers.

I do not agree that the Fed lacks this authority and find its disregard of my clear intent, as the author of Section 171, to be frustrating.

As I have publicly and repeatedly stressed, Section 171 does not direct the regulators to apply bank-centric capital standards to insurance entities.

I want to emphasize my belief that the Federal Reserve is able to take into account and should take into account the differences between insurance and other financial activities.

I feel strongly that it is so important that nothing be done to diminish or weaken it.

I wager that this hearing is the most technical hearing that is being held on Capitol Hill today, perhaps this week, perhaps this year.

I'd like to engage you to do a similar study of the entire U.S. Government.

I just hope you'll convey that those of us here understand and appreciate that.

Your people are an essential part of that.

It's a miracle because of the credibility of the deterrent.

I hope you will take the message back to your people that they have one of the most important missions in this country.

The biggest risk to cost growth is a delay in appropriations that causes the schedule to slip.

If they follow historical trends, efforts related to sustaining and modernizing the weapons stockpile are likely to be particularly susceptible to cost growth.

Admiral, I can't resist. The studies you're doing for the east coast site remind me of when God came to Moses...

One of our advantages is naval power. I'm worried about anti-ship missiles.

Thank you, Mr. Chairman.