the unilateral imposition of such a scheme on the United States and other countries is arbitrary, unfair, and a violation of international law.

Good intentions don't work.

U.S. aviation emissions have declined since 2000. They are down more than 12 percent through 2010.

We called on the EU to halt EU ETS as it pertains to international aviation and to find a global solution for aviation greenhouse gas emissions at the International Civil Aviation Organization.

I think it is a fool's errand to think that regulators are going to be ahead of, you know, bankers.

I do hope we are successful in having a markup on the Menendez-Boxer bill and that it is a real markup.

I believe that the airline industry both in the United States and globally needs to take steps to reduce its greenhouse emissions now.

the bill gives the Secretary of Transportation the authority to take the necessary steps to ensure America's aviation operators are not penalized by any system unilaterally imposed by the European Union.

Secretary Clinton and Secretary LaHood have clearly and correctly stated that this application of the ETS is inconsistent with the legal regime that governs international aviation.

The United States Government takes a back seat to no one when it comes to reducing greenhouse gas emissions in the transportation sector.

Mr. President, when the Senate rejected this legislation 20 months ago in a bipartisan vote it did so for the right reasons. The fact is, discriminatory pay practices are already illegal, and properly so. Congress has put two laws on the…

I think it is kind of a given here--from what I read and what I know, the stress test JPMorgan went through and so forth--that they have more than adequate capital.

So they took a position. Was that a position to manage something they had already done?

This Committee, I believe, has an obligation to determine whether this loss reveals any operational or regulatory weakness that could cause more serious problems in the future.

We would not want to, would we?

Do you believe that our banks are overall in much better shape than they were 3 years ago?

A lot of us--maybe not everybody, but a lot of us are worried about the taxpayer and bailouts and future bailouts.

Is there some risk to the economy if people try to take most risk out of the banking system?