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

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?

We all benefit, do we not? All the airlines will ultimately benefit because they will have to change their business model to compete, or disappear.

Competition plans, we saw that the Department included a placeholder for competition plans in its FAA reauthorization proposal.

Do you want to get back with me on that?

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

I will support any proposal that will increase competition in the commercial airline industry.

Absolutely. We found that out here from oversight. But at the same time, it stifles competition.

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

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.

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