This has been a very, very informative hearing. Before us is an opportunity to reintroduce some much-needed legislation.
It is common-sense legislation, and we need to continue to move in that direction with new legislation as quickly as we ...
We need to look with a very clear eye to make sure that we are not putting them at a competitive disadvantage.
I will say they have done a great job.
How have you all, and the market itself, been affected by the Commission's guidance defining who is a U.S. person?
And so, going forward, what recommendations could you make to the CFTC to give greater clarity on this whole definition ...
The personal liability regime for a senior manager, for example, at a clearing members who do nothing to stop reckless m...
Over a period of time we have had this issue of the definition of U.S. person, dealing with cross-borders.
So the markets are global, as you said, and inevitably you are dislocating the marketplace.
There is public awareness, and public pressure that, with all that has happened within this area since the meltdown of o...
We look forward to putting together our legislation coming up that will be very similar to H.R. 4431.