Mike Crapo

Let me follow up on the kill switch question.

Thank you very much. I really appreciate the testimony of these witnesses. It has been very helpful.

We really do need a consolidated audit trail and a set of regulators that can actually look over this stuff

What do you think the top two or three issues or solutions to these issues that we are discussing here should be, the SEC should consider in its October roundtable?

More than half of all U.S. households, 57 million, according to one study, participate in our markets through either stocks or mutual funds.

I think that the bar for approving new order types needs to be revisited.

The SEC is, I believe as Senator Reed said, hopelessly outgunned.

I thank my friend from South Dakota for this important clarification. This is an important issue, particularly in those limited high-risk areas where surplus lines insurance serves as an essential part of the homeowners insurance market. I…

I think it is important for us to focus on the kind of regulatory activity that the Department can bring.

The Administration has not convened such a group.

TSCA Section 7 provides EPA the authority to regulate imminent hazards caused by chemical substances.

But you had no authority to obtain that information?

So, what, I guess what I am trying to get at is what do we need to do statutorily to fix that problem?

The EPA, nor the Administration, has not taken a position on Senator Lautenberg's bill.

I am not aware of any plans for a statement of an Administration position on that bill at this time.

It is critical that we support a regulatory framework that is risk based and further grounded in peer reviewed science.

I appreciate you and Senator Lautenberg for scheduling today's hearing on EPA's authorities and actions for controlling exposures to toxic chemicals generally and to flame retardants specifically.

There is substantive proof that flame retardants are effective in saving lives by delaying the spreading of fire and allowing people additional time to escape injury.

Recently I offered an amendment with Senator Johanns to fulfill Congressional intent by providing an explicit exemption for margin requirements for non-financial end-users that qualify for the clearing exemption.

According to the proposed rule, the proposal to require margins stems directly from what they view to be a legal obligation under Title VII.

I support this review and urge that defense waste removal remain a top priority within the Department of Energy.

I continue to support Yucca Mountain as the legally mandated, permanent geologic repository for both defense and civilian high level waste.

I thank Senator Carper for scheduling this hearing on the recommendations stemming from the Blue Ribbon Commission on America's Nuclear Future.

It is critically important that the Federal Government not lose sight of its commitment to remove defense waste in accordance with established agreements with Idaho and other States by 2035.

I am very concerned about how we are moving forward in the regulatory climate right now with regard to the response to things like the JPMorgan issues and others.