David Scott actually said...

Yes. And so, Mr. Duffy, you are saying that that date puts our U.S. businesses at a competitive disadvantage if we don't move it back?

One of our major concerns is to make sure that our two regulatory agencies themselves can harmonize.

The derivatives and swaps market that we are dealing with is an $600+ trillion piece of the world's economy.

This is indeed an important and very timely hearing.