David Schweikert: “Having read over the amendment, there are a couple of concerns I want to walk you through. And please understand, I am…”

“Having read over the amendment, there are a couple of concerns I want to walk you through. And please understand, I am one of those--I co-chair the Blockchain Caucus. I have a fascination with could we ever move to encrypted blockchain security of these levels of information. But if you actually walk through this amendment, it is a little hollow in its details. The executive director gets to appoint a 15- member, we will call it, committee. Tell me that those 15 members in this amendment can't have relationships with a certain security firm, or with a certain vendor, or with certain things. I will argue that you are creating now functionally a fourth committee within the commission and handing an awful lot of power to the executive director without a lot of guidelines, that should actually, in many ways, make both Democrats and Republicans a bit nervous. Mr. Chairman, I reserve the balance of my time.”