the Haitians will never be able to provide you with the kind of experience that would be required in these proposals unless you do more joint venturing and require that of major corporations to do check training and bring people into those…

I am especially concerned about the political challenges facing the Haitian Senate.

I sincerely believe that until we get governance right in Haiti, that you are not going to be able to do the best job that you can do.

Thank you very much.

Thank you, Mr. Chairman. I would like to thank Chairman Hensarling for holding this hearing, which is the first in a series focused on the reauthorization of the Terrorism Risk Insurance Act, known as TRIA.

The success of the TRIA program has been remarkable and has fostered continued economic and commercial real estate development across the United States.

I was hoping I would have a little bit more time because I think you have been so rudely interrupted.

I also would like to tell you that if you had not been blocked from coming to this committee, we would not have had to rely on other people.

We have been doing that all during our break, and we are very engaged with them to find out how we can perhaps get them out from under the yoke of regulations that should not apply to them.

Congratulations again on your confirmation. I am so pleased that you are here today.

This month, we must observe the 5-year anniversary of the Lehman bankruptcy rooted in the risky and irresponsible lending and financial practices.

A lot of my friends on the opposite side of the aisle talk about wanting to help community banks, and I have been trying desperately to reach an agreement so that we could do more.

Unfortunately, at that time we were denied the benefit of your perspective.

The proposal would be bad for investors, expecting them to accept all the credit risks on U.S. mortgages.

The proposal would be bad for renters at a time when vacancy rates are at an all-time low.

The proposal would be bad for consumers, repealing the predatory lending provisions in the Wall Street Reform Act.

I am deeply disappointed in the radical and unworkable discussion draft that is before us today as well as the lack of interest in making this a bipartisan effort.

The proposal would be bad for America's middle-class, ending the affordable 30-year fixed-rate mortgage.

The proposal would be bad for community banks and credit unions, with the new utility presenting them with tremendous challenges.

As I have no additional speakers, I yield back the balance of my time.

At some point, it may be appropriate to consider whether oversight has become a disguise for harassment.

Just last week, the government made an important step towards repairing our financial system after the worst financial crisis since the Great Depression. The Federal Reserve adopted final rules implementing Basel 3, including new capital…

Thank you so very much. I would like to first take a moment to thank you, Congressman Chaka Fattah, for putting together this moment for us to reflect on the life and legacy of Bill. I want you to know that we are so pleased that you're…

Thank you very much. When you raised the question about why didn't we offer an amendment and the Senate can offer an amendment, I have drawn a conclusion. Why are you trying to get credit for putting this in the bill with the oil companies?

Will the gentleman yield? Mr. DeFAZIO. I yield to the gentlewoman from California.