Mr. President, the good news is the country has made substantial economical progress in the last 6 years since President Bush left office. Instead of losing 800,000 jobs a month as we were during the final months of the Bush…

So what we are hearing--basically what this article tells us--is if people's income is going down, they are not going to Macy's, they are not going to Target. Those stores are not hiring workers or are getting rid of workers because the…

Mr. President, I ask unanimous consent to speak for up to 20 minutes. The PRESIDING OFFICER. Is there objection? Without objection, it is so ordered. ____________________

Last year, many of my colleagues and the media had talked about the need to move to chip-and-PIN technology, similar to what we are seeing in Europe, Canada, and elsewhere.

These cyber attacks are increasing in scope.

If we are going to spend the money to reduce fraud, let's reduce fraud. Let's do PIN-and-chip.

I hope, given that we have already had hearings this Congress, and I appreciate Senator Thune's leadership...that we can move ahead in this area of cybersecurity.

I think what Mr. Duncan said is that you get more protection, and certainly the situation that we saw with Home Depot...

My thanks to you and the Ranking Member for holding this very timely hearing today.

Thank you, Senator Blunt. To be bipartisan in my admonition, Senator Daines also exceeded his time allotment.

As I indicated, this is the first subcommittee hearing I have chaired in 8 years in Congress, and I was nervous, apparently nervous enough not to turn on the microphone.

The importance of this issue was brought home, as Senator Moran said, just this morning when we read about the Anthem breach, which is absolutely breathtaking in its scope and scale.

a balanced and thoughtful national standard for data breach notification built on three principles.

We often think of the states as laboratories, and I assume if we develop a national standard that we will look at states to see what standards are there, what makes sense.

Thank you very much, and thank all of our witnesses.

We are delighted you all were here. We appreciate the information that was conveyed to us.

implementing pre-breach security measures should be central to any legislation.

You seem to be in the minority, at least in this panel, on the issue of preemption.