Elizabeth Warren

I thought that SEC Chairwoman Mary Jo White took the right step when she changed the SEC's 'no admit, no deny rule' so that there was at least less room for financial institutions.

I am not quite sure how this is a deterrent for other CEOs.

All of our regulators have conceded that our largest banks are still too-big-to-fail.

Perhaps this is a time to note that a 21st century Glass-Steagall would reduce both the size of the financial institutions.

If there is no further business to come before the Senate, I ask unanimous consent that it adjourn under the previous order. There being no objection, the Senate, at 7:56 p.m., adjourned until Tuesday, February 4, at 10 a.m.

There will be a rollcall vote at approximately 2:35 p.m. on adoption of the farm bill conference report. ____________________

We understand why chip and PIN works better, and it seems that we are years behind Europe in developing adequate technology.

It sounds like to me, Mr. Chairman, that the banks have delayed, the retailers have delayed, the Government has delayed, and the ones who have paid the price are the consumers whose data are being stolen.

It sounds like to me we may need some pressure from the Government to make sure that the toughest standards are used.

I understand that Europe had reasons to go to chip early on, but are you saying that the banks have just now discovered that chip and PIN would be a more secure system?

If a company's security standards are inadequate but the company says nothing about them, then the FTC is powerless.

All of us have constituents who are affected by these data breaches, and I think it is clear that the data protections we have in place now are not enough.

I think it is fair to say that is not very many given the number of data breaches that we have seen over the last decade.

I very much appreciate that you are cautious in your data requests, both from other agencies and from financial institutions.

I want to focus on, though, is the importance of collecting the necessary data.

I hope you are vigorously pursuing everything that you need and that you have all of the tools you need to get those data.

I am ready to get right to the testimony and the questions.

I hope there are no difficulties in data sharing as we go forward, because without good data, you cannot give good independent advice.

I think it is a really important role.

Well, I just want to say thank you very much. Thank you for the direction that you are pushing us in trade and for the successes you have had, and I hope we have many more that we can celebrate in 2014.

I was very pleased to see that in 2013 you committed a greater percentage of your money to small business lending.

I would like to follow up on where Senator Shelby started, and talking about the goal of the Eximbank is to promote U.S. exports, and, of course, increasing exports is ultimately supposed to create more jobs at home.

But in some cases, those two things maybe in tension with each other.

The Eximbank's charter makes it clear that the Bank is supposed to supplement private capital.

I am concerned that marketing and outreach are not enough to expand small business lending.