Richard Shelby

If we cannot expect to conduct an audit of every new entrant, what consideration has been given to phasing in the program?

What plans, if any, do you have to help assist the shipping industry in securing financing?

It has taken a downturn. Since 2000, the program has paid out almost $500 million in defaulted loans.

In 2001, FAA began replacing air traffic control supervisors with controllers who assume supervisory duties.

Do you want to get back with me on that?

I am interested in your thoughts on how those requirements are working, the interplay between FRA and Amtrak, and what, if any, changes that you would propose to improve your oversight of the railroad for the 2004 bill.

What actions will FAA and the Department take to ensure the agency operates within the amount that you are suggesting in the next 4 years?

A recent commission on the future of U.S. aerospace industry has raised serious questions about the competitiveness of U.S. firms in the global marketplace.

How can the Transportation Department headed by you, how can you help?

If this is a discretionary program, what criteria would you propose to evaluate project eligibility? Give us some examples.

Mr. Secretary, infrastructure performance and maintenance initiative. Do you envision this program as a new apportionment program for the States or as a new discretionary program administered by FHWA?

Mr. Secretary, virtually every highway safety expert that we have consulted has stated that increasing seatbelt usage is the most important way to reduce highway fatalities.

I know you have a long-term interest, you did in your legislative career in safety.

In the omnibus we again set aside funds and directed NHTSA to continue to fund click-it-or-ticket.

I am skeptical that consolidation of programs and distribution by formula of transit dollars will improve the delivery of transit services.

I commend you, Mr. Secretary, for proposing a budget that does not impose any new user fees.

The jury is still out on the value of the settlement.

I see no contrition. Perhaps most people, they are only sorry that they got caught.

Permanent means permanent.

I believe that if last Monday's roll-out was the final chapter in the effort to remedy these problems, then this has been an exercise in futility.

We appreciate the leadership you are showing as Chairman of the SEC.

We should expect more from the leaders of the financial services industry.

I am hopeful that the ongoing investigations will lead to the appropriate prosecution of bad actors.

I believe that this hearing and the testimony that we receive today is merely the start--or I hope it is, anyway--of renewed vigilance in restoring the trust that the American people have lost in the securities industry.

The settlement does, as has been said by Senator Sarbanes and others, represents a failure of the Securities and Exchange Commission.