I like to associate myself with some of the frustration that Congressman Himes articulated.

I want to thank the panelists for coming today and for your testimony.

I believe credit unions now have over 5,000 pages of rules from the Consumer Financial Protection Bureau, the CFPB, that you must understand, interpret, and comply with.

It seems like if we did that here, on this issue, how to reform the FHA, we could put this panel together.

I just thank you for the opportunity to welcome one of my friends from Delaware, Kevin Kelly, who is here on the panel today.

It is time to fully fund our regulators so they can complete the process of implementing Dodd-Frank.

I want to work with the chairwoman on that issue.

I would think that we learn to start to make sure capital requirements don't stifle small banks.

I want to state now that I am concerned about the impact that Basel III can have on community banks.

People 30, 40 years old cannot afford to buy a home.

If there were no GSEs and there was no FHA across the country, my mortgage rates would be through the roof.

I thank God there was a system in place that allowed me the opportunity to buy a home.

Irresponsible cuts to the Agency are shortsighted and will put our recovery at risk.

The right approach is to make systemic changes to our health care system that incentivizes doctors to provide quality over quantity.

My time is running out. So were you familiar with H.R. 1859, which is the Campbell-Peters bill, in the last Congress? Could you comment on that approach, Dr. Wachter?

No matter what we do, these health care challenges are going to require buy-in from all sides.

Both sides have acknowledged that tax reform is important and necessary, and we should use it as a mechanism to avoid the sequester in a balanced way by generating revenue and implementing more responsible spending cuts.

It is imperative for this Congress to place renewed focus on our infrastructure and that we enact a long-term, fully financed transportation authorization.

I am more interested in the future than I am in the past.

We live in an increasingly complex and dangerous world that demands U.S. leadership.

We need systemic change, and the Affordable Care Act takes steps in this direction.

Let's focus our efforts on the fundamental problem that is going to drive our deficit in the long-term: rapidly rising health care costs.

As people in Delaware tell me: that's stupid.

All the nonpartisan experts agree that more revenue needs to be part of the plan.

Our piecemeal efforts have yielded more than $3 in spending cuts for every $1 in revenue.