I think that the heart is in the right place. I see the intent of the Dodd bill to protect the FTC.

Today our hearing is on Financial Services and Products: the Role of the Federal Trade Commission in Protecting Consumers, Part 2.

I'm not clear that that intent is reflected in its sometimes warring provisions.

What is it about the statute that takes so long? Why is it so cumbersome?

I'd encourage you to clarify the law and provide us with explicit authority to take law enforcement action against those who provide substantial assistance to another while knowing, or consciously avoiding knowing, that the person is…

The key point, however, is to ensure the agency has the authority it actually needs.

We must not forget the reasons why the more deliberative rulemaking process was established for the FTC in the first place.

I look forward to robust debate.

I do think the Magnuson-Moss procedures are workable.

I know this isn't the focus of this hearing, but in those task forces, are you seeing evidence of State and local corruption as well?

90 percent of the cocaine in the United States comes from Mexico.