Austin Scott actually said...

I commend you, Chairman, for the statement that you made that you actually prepared for the sequester.

if you are an end-user and you qualify for the clearing exemption, you would also qualify for the margin exemption

Secretary Gensler gave an indication earlier today that he was supportive of that.

And I think that is where the real issue comes in and where we can help America's economy by making sure that the end-user is not subject to...