John Sarbanes: “a major effort was made by the committee to work through the list of proposals by the administration. Those proposals…”

“a major effort was made by the committee to work through the list of proposals by the administration. Those proposals were incorporated into the bill during the Banking Committee's markup. I thought the administration's recommendations were a balanced set of proposals. I believe they strengthen the overall bill. Subsequent to that and subsequent to the committee reporting the bill out, the President in remarks to high-tech leaders at the White House on March 28 urged quick passage of this bill by the Senate. In that appearance at the White House--and I will quote briefly from the President's--actually, he started off by saying to this group: Thanks for coming. I appreciate that warm welcome. And welcome to the people's house. It's a nice place to live. And I'm glad I'm living here. That is the President talking. He went on and said to the high-tech group: I've got some good news and you may have been watching the Senate Banking Committee. But after a lot of work with industry leaders and the administration and members of the Senate, the Export Administration Act--a good bill--passed the Banking Committee 19-1. He then goes on to say that ``this has been crafted as a good bill. And I urge the Senate to pass it quickly.''”