Susan Collins actually said...

"That surprises me, given the amount of transactions that the Federal Government is doing."

"Your report, which came out earlier this week, notes that the Treasury could seek to negotiate a maximum rate that would be a flat, fixed percentage of all transaction dollars."

"Thank you, Mr. Chairman. Let me begin by thanking you for scheduling this hearing today on the all-important subject of retirement savings."

"Which has been the chairman's point and why he wants the Federal Reserve to look at setting reasonable and proportional rates."