Today's hearing is an important step in helping Congress figure out what kinds of reforms are needed.

The economic damages liability cap needs to be increased to a great extent permanently.

When Senator Vitter tried to pass this through the Senate immediately, it was blocked by Senator Robert Menendez.

I think what Senator Durbin said earlier is--one of the things many of us are concerned about is how do we get the disincentive for the bad behavior.

It seems to me that the one thing that I have noticed about the way things could happen in our present society is we just do not have disincentives for bad behavior.

I think we have the opportunity here for us, for Senator Feingold and myself, and hopefully Senator Voinovich and Senator Coburn and others to join forces on another good idea.

This is just a way to go after one particular and very important aspect of the spending challenge we face.

It seems like a month or two ago when you were good enough to come and testify before a Subcommittee that I chair on the Homeland Security and Governmental Affairs.

I would suggest that we provide him the power, probably not forever but for maybe 4 years.

He has been a true champion of taxpayers, and his work in this area is another example of that leadership.

I really appreciate your testimony.