Carolyn Maloney actually said...

"I would say that most Americans have had their identity stolen, including myself, and it is very costly to law enforcement."

"This is a number one national security issue; it is not just an economic issue."

"In my opinion, this makes it all much more reasonable to make the banks and financial institutions liable for all the fraudulent transactions that occur after the breach."

"I want to thank you, Madam Chairlady, and Ranking Member Meeks, for holding this incredibly important hearing."