I think that kind of disclosure, not the dumping of more information but improving consumer understanding, is an absolutely critical path forward.

Modifying disclosures for financial products has the potential to empower consumers and investors to make better informed decisions.

I must tell you, it is moving and expanding and it looks good to me.

We need to impose a standard that the industry make these full disclosures.

I am also proud to have included an amendment in the Dodd-Frank bill to provide clarified SEC authority for pre-sale disclosures for financial services and products.

I feel this has been a good hearing on the day that we passed the Dodd-Frank Wall Street Reform and Consumer Protection Act Conference Report.

Thank you, Director Thompson.

It is going to make a significant, positive difference for our country.

Thank you very much, Director, for your statement.

I am proud of the innovative work that the Hawaii Council on Economic Education has done.

I would like to ask you another question, Assistant Secretary Barr. The level of home ownership in Hawaii is one of the lowest in the Nation.