Pat Toomey: “One of my criticisms of the SEC in recent years is that it has not done a good job on the capital formation portion of…”

It's a budgetary gimmick that has the intent of making it possible to have a huge explosion in unrelated spending. This is not what this bill was about. We can fix it. We can do it immediately.

I think you have said that you think we still, nevertheless, need to have some kind of outbound investment review mechanism, even though you have just said we already have the authorities to prevent any kind of technology transfer.

That is no way to protect taxpayers nor to follow the law.

And the cost is going to have to be borne by people who are paying.