The bill I have introduced with Senator Sanders would set a national goal for energy savings for retail electricity and natural gas distributors between 2012 and 2020.

Until we address the demand side of the energy equation in a meaningful way, we are not going to be able to put our Nation on the right path toward a new energy economy.

This bill, which I have introduced with Senator Sanders, would set a national goal for energy savings from retail electricity and natural gas distributors between 2012 through 2020.

We need to put just as much focus on developing technologies and jobs to implement energy efficiency.

We thank this panel and the efforts of Senator Schumer with his introduction of S. 548 to shine the spotlight directly on energy efficiency.

As Senator Schumer noted earlier, ACEEE, just last month, released an analysis on the S. 548.

We also want to thank our own Senator Schumer for shedding the light and putting a spotlight on the energy-efficiency issue.

America is at a critical juncture in its history. We all know that we face an economic crisis like none we have experienced since the Depression.

Under Senator Schumer's bill, the federal EERS would require electricity savings of 15 percent, and natural gas savings of 10 percent, over the course of a decade.

we appreciate the efforts of Senator Schumer and others to shine the spotlight directly on energy efficiency with EERS legislation.

We thank Senator Schumer for introducing the bill.

I very much appreciate the opportunity to testify.

To restore trust among investors in our financial system and government, we will need to make significant improvements in our existing regulatory programs.

If you saw yesterday's newspaper, the administration, correctly, doesn't want to reduce antiterrorism efforts in the Justice Department, but that squeezes new needs, such as financial investigators.

What we need is an analysis to determine how we can effectively and efficiently promote honesty and transparency in our markets and ensure that criminality is not tolerated.

If the Fed hasn't been worried about systemic risk all these years, then people really should be fired.

The problems also did not arise because of 'outdated laws from the 1930s' or, except in limited circumstances, from 'gaps' in statutory authority in the banking or securities sectors.

I think we need to move forward.

I think we have to look at this. I am for it.

Millions of Americans will live with reduced retirement incomes and higher taxes for many years as a result of misbehavior in our financial firms, failed oversight by boards of directors, and ineffective government regulation.

More regulation for regulation's sake is not the answer. What we need is smarter regulation.

I proposed legislation to do that with Senator Shelby, which we are going to try to do in the Appropriations Committee.

Thank you. So I see you need the money.

Senator Leahy, Senator Grassley, and myself have put in legislation to increase the number of agents as well as the number of U.S. Attorneys to look into this.

I have found that when the FBI has these task forces and other units, they really get the job done.