James M. Talent: “I want to wish her all the best in her future endeavors. I would thank her again for yielding for this colloquy. Mr.…”

“I want to wish her all the best in her future endeavors. I would thank her again for yielding for this colloquy. Mr. Chairman, I would like to clarify our intent with respect to the language in this bill dealing with securitization. This provision was dealt with extensively during the committee markup of H.R. 3719. It is my understanding this provision grants SBA the authority, if they deem necessary to exercise it, to protect the agency's interests by requiring lenders to retain exposure of up to 10 percent of the loans being securitized. This in no way mandates the holdback or exposure requirement in all cases.”