a cap-and-trade system is prone to market manipulation and speculation without any guarantee of meaningful greenhouse gas emission reductions. A cap-and-trade has been operating in Europe for 3 years and is largely a failure.
DeFazio criticizes cap-and-trade for its potential market issues and lack of effectiveness.
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Being Chair of the Committee over the past four years has been the highlight of my 36-year career.
Well, thanks, Chair Larsen, for calling this important hearing on improving the air travel experience for passengers with disabilities.
I also want to thank Chairman DeFazio in particular for his work in shaping this legislation.
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