Tom Udall

This remains a monumental injustice, and I want to work with you closely to follow the progress of the cleanup.

I would like to say that the recent issues in the nuclear enterprise are very concerning.

Full funding of the program is important to maintaining this progress.

CPSC plays a vital role in protecting the public and especially children from injury from unsafe products.

It's a pleasure to be back with you here on the Senate Commerce Committee.

Let me say how much I appreciate the military being aware of the dangers and the other issues with climate change, and that this is a national security issue.

I am, of course, very concerned about the impacts wildfires could have on our military bases.

In December 2010 U.S. Senators Tom Udall, Tom Harkin, and Jeff Bingaman requested an independent study from the National Academy of Sciences on whether chimpanzees are necessary as invasive research subjects.

I'm pleased to convene this hearing of the Financial Services and General Government Subcommittee to consider the fiscal year 2015 funding needs of Treasury's Office of Terrorism and Financial Intelligence and its enforcement of sanctions.

Thank you very much for that.

I think we should probably do that.

This information will be instructive as we further consider the budget proposals.

We appreciate this frank discussion and exchange of ideas.

I assume that isn't the position of the SEC at this point.

One of the key components of Dodd-Frank was a mandate that the SEC adopt a number of new rules relating to credit rating agencies.

I keep hearing from folks back home about this issue.

Chair Wetjen, how are you coming on the rules that you are promulgating, the ones that are in the pipeline?

And do you have staffing plans adapted to bring on more expertise in areas that contributed to the financial crisis?

Do you feel you have the necessary expertise on staff to adequately issue and enforce the rules required by Dodd-Frank?

In a couple of months, we will mark the fourth anniversary of the enactment of comprehensive Wall Street reforms aimed at strengthening the oversight in the wake of the financial crisis of 2008.

We need a financial system that is safe and sound because what happens on Wall Street touches every American family.

I believe it is my responsibility to the hard-working and honest people of New Mexico and to all Americans who suffered as a result of this crisis to ensure that we work to fully implement Dodd-Frank.

Doesn't it make sense to you that this might be an area that is ripe for a legislative solution or legislative enactment?

I think that is an excellent suggestion, working with our subcommittee chairs to try to get that information.

And are they enabled and empowered to create savings within the agencies?