Jim Himes actually said...

We therefore appreciate this subcommittee's consideration of legislation that would clarify the territorial scope of U.S. law.

Thank you for holding this hearing and for the comity with which we have worked together on this legislation.

Proposals such as the Himes-Garrett bill will increase certainty for market participants and resolve inevitable conflicts that would result ...

I think the Himes-Garrett legislation here is the right approach. It brings much needed balance back into the process.