Ben Nelson: “Thank you, Mr. Chairman.”

Dodd-Frank contained critical protections to ensure that non-financial end users who use futures contracts in a legitimate manner to hedge against higher prices would not be hampered by unnecessary regulations.

So it is at least somewhat successful in breaking down the stovepipe approach to get cross-fertilization and cross-cooperation within the interagency system?

While the administration may be moving forward in anticipation of a new reduction, anything that it's doing is not intended to be unilateral.

The President's fiscal year 2013 budget ensures that this will remain a leading national security priority.