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I want to thank both Chairman Simpson and Ranking Member Moran and fellow Subcommittee members for the work last year that you did in fighting off two amendments at least that were brought to the House Floor and would have greatly reduced…
if your company looks like it won't survive, there's a waiver process.
Our hope is that there will be no funding for further bridging of the trail in the fiscal year 2013, Interior Appropriations Bill and future bills.
Would we expect additional inspector general reports in the near future?
Another way--an additional way to deal with our growing deficit is to grow the economy.
As we review the budget submission for CFTC, I look forward to hearing the details of your request, your plan to carry out your core mission, and your efforts to implement the Dodd-Frank Act.
I continue to hear concerns about a lack of coordination among the Stability Council members on various Dodd-Frank Act rulemakings.
Can you quantify that, the magnitude of the investigations that you are now conducting?
It's pleasing to me that there are individuals who are willing to step forward and perform public service.
Given that the LSOC for swaps will not come on-line until November of this year, will you commit to this subcommittee that you will hold off on pursuing the LSOC model for the futures market until the cost-benefit analysis for the LSOC for…
I think your answer to my question suggests that in this case, that's what you're doing.
The need for transparency and accountability in our financial markets also extends to those who regulate them.
When we use the word 'speculation', it seems to have developed a negative connotation.
Speculation is useful to the economy including in establishing a market for oil and gasoline.
The credibility of any regulatory framework is also critical to ensuring its success.
And I think your testimony was an indication that with that magnitude of speculation, there is a consequence to the price, either up or down.
We may have to have those conversations. And you've been kind to make that offer in the past, and I welcome that opportunity again.