the credit union tax exemption creates an unfair advantage and distorts the market.

the Missile Defense Agency (MDA) plans to achieve an early intercept capability as part of the phase-adaptive approach are simply not credible.

You have also, properly, placed our financial stability on the table as a fundamental issue of national security.

You have helped to oversee a surge in Afghanistan that, we hope, is turning the tide there, as well.

Both organizations have played an important role in the aftermath of the financial crisis and will continue to do so.

the economy, as we all know, is in a very fragile state, yet the Dodd-Frank Act has unleashed a flood of new regulations that impose significant costs on businesses.

The SEC also recently restructured its enforcement and compliance programs to address some of the systemic problems.

While I understand the interest in ensuring that enforcement cases proceed quickly--they are very important--delegation of the Commission's powers to the staff should not be undertaken lightly.

The Dodd-Frank Act gave the Securities and Exchange Commission a long list of rules to promulgate.

Today the program is nearly $18 billion in debt and has problems even servicing that debt.

Accordingly, it is my hope that this year we can pass a long-term extension of the flood program that includes the reforms needed to make the program 'actuarially sound.'

You state that requiring communities with a flood control structure to first purchase flood insurance raises, quote, 'real and powerful equity and fairness issues.'