The United States has a vested national security interest in taking decisive action to reduce our dependence upon China.

I look forward to getting a copy of that report soon, Secretary.

This reduction in funding is a concerning departure from previous years in which Congress has indicated continued support funding for a full battalion of tanks.

I was pleased to read that the Biden administration is working to expedite the delivery of 31 Abrams tanks to our allies in Ukraine.

Well, again, I think it's going to be a big field. I don't think Donald Trump is going to clear out the field like he did in '16.

I am concerned about the climate rule's impact on public companies, but I am also very concerned about its impact on small businesses.

If I'm hearing you correctly, then you are saying SEC's new climate rule will not make these people liable for calculating and reporting their small businesses' greenhouse gas emissions if they are privately held?

I also want to focus on the materiality standard, which has been the bedrock of the SEC's disclosure regime for almost 90 years.

What I would also like to then follow up on, chair, is I would like to focus for a moment on the repair restrictions, specifically those restrictions that drive up the cost auto repair.

At some point the White House and Congress need to have a responsible conversation about reigning in federal spending levels.

Your agency's proposed rules on everything from private fund advisors to climate are already impacting companies and investors.