So one idea that has been floated as a way to increase the likelihood that when votes are cast they actually reflect the wishes of the investor who is the ultimate shareholder is client-directed voting.

I just want to start off with a quick observation about really a fantastic development over recent decades for small and retail investors, which is really the collapse in the fee structure.

But you do not have that data?

The Bitcoin protocol is decentralized not because it distributes power but because it checks power.

I am particularly concerned about the liquidity coverage ratio as it applies to banks that are just above the $250 billion threshold.

That is just horrendous compared to what we used to do.

The notion that trade deficits are harmful or counterproductive fails to recognize that both exports and imports are beneficial.

I disagree with the premise that a trade deficit with another nation indicates a harmful economic relationship.

By restricting trade in order to reduce our trade deficit, American consumers, employers, and businesses lose out.

Let me also thank you for your work on tax reform, because the evidence is just abundantly obvious.

I trust my colleagues on both sides of the aisle, however you felt about the tax reform, would not want to visit this honest mistake upon a very important sector of our economy.

It is my view that the Treasury has the authority to redefine cost to include the real cost adjusted for inflation.

The fact is, over the last 6 months of this year, the first year in which this tax reform was in effect, wages are up.

Since the mission of the IRS is to determine what people owe in taxes, and since these contributions have nothing to do with what people owe in taxes, it's really not the business of the IRS to be trying to police who contributed what to…

This category of organizations to which some people made contributions, isn't it true that those contributions are not tax deductible?

The tax code is unique in that Congress has provided broad regulatory authority in section 7805, which has existed for decades.

I mean, it is just terrific.

I hope we can have bipartisan cooperation to fix both the qualified improvement property issue and a net operating loss issue.

It was clearly congressional intent, as Senator Toomey pointed out, with respect to qualified improvement property, that businesses be able to take advantage of the shorter depreciation period.

do you agree with my interpretation that 1071 is the only respect in which Dodd-Frank mandates the Bureau to deal with small business?

It is by its nature intrinsically forced to subsidize--it forces taxpayers to subsidize certain companies.

Will you commit to using the Administrative Procedures Act when the CFPB imposes new rules?

Will you work with us to ensure that Eximbank is not crowding out private financing options that would otherwise be available but for Eximbank's involvement?

Will you work with me and the Committee to strengthen taxpayer protections against losses from deals that go badly?

It would be a tremendous pity to jeopardize that because of the trade policy.