G. K. Butterfield actually said...

Thank you, Chairman Bono Mack. Thank you for holding today's hearing on the European Union's efforts to protect consumer data.

I ask unanimous consent that it be included in the record.

If we don't adopt privacy regulation like the European Union, then in a sense we are shut out of their market.

But because those who oppose privacy legislation have touted it as their rationale for opposition, I want to summarize what we know.