Patrick Toomey actually said...

the current low shareholder threshold, could it have the unintended effect of driving companies a little bit on the margin, more toward debt...

I just want to make a couple of other points.

Do you think there is need for this duplication, or are there areas that the SEC would review that bank regulators do not?

Under Dodd-Frank, the Volcker rule becomes effective on July 21, 2012 regardless of whether a rule is finalized.