So therefore, you have--I don't know if it is formal or informal--you have no emoluments coming in to anybody at the Federal Reserve.

Mr. Speaker, let's be honest, guys: leveling the playing field, capital formation. Come on. All this rule was written for is to expose bribery. There is no line in any corporate report that says: paid for bribery. It comes up as royalty…

Mr. Speaker, the basic tenets are pretty clear. Here is what they write, one line from the U.S. Conference of Catholic Bishops: `` . . . where governance is weak and corruption is rampant extractive, industry revenue that is not…

Mr. Speaker, reclaiming my time, I respectfully disagree. This, for all intents and purposes, prohibits them from doing it, number one. Number two, you have an obligation. You have an obligation, if you don't like what exists, to propose…

Mr. Speaker, reclaiming my time, I respect the gentleman's intentions on this. I understand the concept of a level playing field. If the Chinese are bribing a Third World country, we should be able to compete with them. If that is the…

I cochaired a group looking at public-private partnerships... and we came to the unanimous, bipartisan conclusion that they have a role, and they are good, but they are no better than maybe--maybe--10 percent of our needs.

I think it was about 3 years ago we had the president of the Chamber of Commerce... sit in that chair and tell us the Chamber of Commerce supported an increase in the gas tax.

I would just like to go on record to say that whenever Mr. Massie agrees with us, we get nervous, too.

Thus far, the smoke signals coming out of the new administration is somehow we are going to do this with just public-private partnerships. No new money.

But there is a minor little point. You all run businesses or large organizations. Somebody has got to pay for this.

Have you told this to the new administration?