I appreciate your willingness to do this.

But is one of the broader sections mortgage modifications?

If you listened to the gentleman--I have never seen the scorecard.

So that mission piece, what percentage of your deferred compensation comes from that, your bonus?

I have great concern about market structure, I have great concern about the willingness of an IPO to occur on an exchange here in America.

I appreciate you holding this hearing today because I believe it is important that Congress examine the CFPB at every opportunity.

I think what we have to ask ourselves at this time is what is in the best interest of two things: the consumer; and our financial institutions.

I think it would be an excellent way to partner with the private sector to create a micro loan area...

I think the micro loans have been particularly successful, particularly with women starting small cottage businesses.

Now, we are arguing here. But as the old saying goes, 'While we are arguing, Rome is burning.'

Mr. Secretary, I hope you don't agree with the President on this point.

If you want a dose of reality, sit in my office or the offices of other members of this committee and listen to the stories related to them by Main Street bankers talking about the restrictive regulations imposed.

What we can do and absolutely must do is knock down all the hurdles that create disincentives for investment in business.

Mr. Secretary, more regulations from Washington and higher taxes do not encourage risk-taking, business development, and growth.

Thank you for your testimony. Chairman Schapiro, thank you for the work you have rendered to your government and your service.

Ultimately, I think the findings of the Inspector General, as we will hear, is that there were some lapses and that there are some changes that need to be made within the organization.

I think it is alarming to find out that someone who may have had a financial interest in the Madoff settlement was actually handling many of the very high-level discussions that were going on at the SEC.

Most startups have a difficult time accessing the capital they need.

His bill is called the Entrepreneur Access to Capital Act. What would it do? It would enhance the President's proposals on encouraging so-called crowdfunding.

The Entrepreneur Access to Credit Act simply heeds the President's call to cut the red tape for startups.

But it seems like this ban from the SEC really is simply choking off capital right now.

My concern with the purpose of the ban on general solicitation--I, obviously, want to limit fraud and certain communications that would lead to fraud.

Crowdfunding: GATE is encouraged by the Entrepreneur Access to Capital Act sponsored by Congressman McHenry and President Obama's support for crowdfunding initiatives.

Cut away the red tape that prevents startup companies... from raising capital.

Heal thyself, realize what you have to do, and do it.