Jim Himes

In your agency, you are closely constrained by law and regulation that Congress has imposed.

Thank you very much for holding this hearing here in Bridgeport.

I'm happy you're holding this hearing, because this is the second time in 6 months that my constituents in the Fourth District of Connecticut and your constituents, Senator, have had both their safety and their economic well-being put at…

The Terrorism Risk Insurance Program has become a critical element of the real estate industry in particular.

I appreciate you calling this very important hearing, and I would like to thank my colleagues for appearing on this panel on this very important topic.

I'm still very skeptical about the president's proposal.

I thank the ranking member and look forward to working with her on this as well, and yield back the balance of my time. Amendment Offered by Mr. Luetkemeyer

I look forward to working with the chairman as well. I yield now to the ranking member, the gentlelady from Ohio (Ms. Kaptur).

Thank you. I note my time is up. Maybe I will get a chance to ask more questions later.

Can I stop you there? Because I am going to run out of time.

Thank you, Mr. Chairman, and thank you to all the witnesses for coming in front of this robust committee today to talk about this topic, which clearly has drawn the interest, at least on my side of the aisle.

How do we know when we have that balance right?

There is a perception of fairness issue that is terribly important.

I honestly don't know whether disclosure is going to fundamentally alter compensation in this country.

I was moved by Congressman Scott's comments and want to associate myself with those comments.

I strongly support H.R. 1105, the Small Business Capital Access and Job Preservation Act.

I think that Title VII of Dodd-Frank is one of the signal achievements of that legislation.

Last Congress, Congressmen Himes and Garrett introduced bipartisan legislation (H.R. 3283) that would provide clarity on this issue.

I suspect that when the history books are written, we will look at the twin engines of monetary and fiscal policy in this country and you will emerge as somebody who acted wisely and in good faith.

So there is really no country that has pursued the kind of austerity policies that we have heard some in this institution call for that have experienced economic growth or a reduction in the debt to their economy?

A crisis, as we all know, put 8 million people out of work, partly due to the unregulated swaps market.

I salute you and compliment you for really working hard around something that is enormously challenging in the face of criticism.

Of all the vast causes in the web of the difficulties that brought down the economy in 2008, no area, I think, is more complex than the areas that you have been charged to oversee, derivatives; not Fannie Mae, not Freddie Mac, not…

As Chairman Bachus said, if I may quote you, you want to make it operational, sync together and function.

This fulfills the President's commitment at the G-20 meeting in Pittsburgh in 2009 to have that in place be the end of 2012.