I think it can give us another tool in the toolbox that will work.

The current budget process is completely broken.

I think that the bill that Chairman Dreier and Representative Whitfield sponsored would fix the process, although not be a panacea.

You know our current budget process here in Washington is broken.

This failure and Congress' inability to pass appropriations legislation in regular order shows that the Congressional budget process needs reform.

It is imperative that we move forward with this legislation and I respectfully request that the other Members of this Committee support this bipartisan effort.

That is why we strongly support the Stivers-Fudge bill, which recognizes that inter-affiliate swaps do not create systemic risk.

It seems only in Congress can we recognize a problem, pass a solution, and then study the problem.

I think it is especially timely given last week's focus on GSE reform in the Capital Markets Subcommittee and the delayed release of the Administration's report to Congress last Friday, talking about the need to limit government's…

Knowing that this report cost the taxpayers $10 million, I have higher expectations.