Carl Levin actually said...

it is our joint intent that even though there may not be consensus on the effect of speculation, that there is consensus that our laws are i...

For 10 years now, this Subcommittee has focused attention on the problem of excessive speculation in the commodity markets.

The reason that these are set up in these offshore locations is so that they can avoid that impact of that section of the Tax Code.

I think your statement here today is very important and hopefully will be relied upon and counted on as being factually accurate.