I appreciate that, and I agree with Senator Kerry's characterization that data security is one subset of consumer privacy.

Establishing a single federal standard for notifying victims of data breaches and protecting sensitive information is something I do think we should consider seriously.

And I gather the bottom line is your concern is if it happens on too compressed a schedule, then there are significant participants that could be actually just frozen out of the activity until they are able to get up to compliance, and I…

I think we need to thoroughly examine this issue and make sure that we don't apply a solution in search of a problem.

Thousands of jobs, probably billions of dollars of investment, are being sidetracked in the telecommunications business, because the FCC is violating Congressional direction and court orders to move ahead and regulate the Internet in a way…

One thing the Constitution says is that the Federal Government should facilitate interstate commerce. The last thing we're doing right now at the Federal level is encouraging commerce.

Of course, banks are afraid to make loans, because of the regulators hanging over their shoulders.

For the free enterprise system to really flourish and thrive, it needs to be sensibly but lightly regulated.

As Senator Toomey has said, there's a lot of rhetoric about free trade, but when the agreements are supposed to be sent over, they're not sent over, and one excuse after another.

They're forcing a major American company to spend millions of dollars and put thousands of jobs on hold for what is an unprecedented violation of a company's ability to locate an expansion facility anywhere they want.

I think the United States could and should be the world's leading voice for expanding trade opportunities.

Central to the mission of the Commerce Department... is the vitally important job of encouraging economic growth and job creation.