We can lower the burdens and obstacles in both of these categories.

You know, Pennsylvania is a home to a very large number of very, very successful bio companies.

There is a big, big difference between a payment default on our debt and the other kinds of payment disruptions.

My concern is that this distorts markets, intentionally, actually.

I think this Administration would be wise to send an unambiguous message to the market that under no circumstances would they tolerate a default on our debt which is entirely under their control to prevent.

I find the activism at the Fed right now a major turn-off and I am very concerned.

Thank you very much, Mr. Chairman.

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…

Thank you, Mr. Chairman. I would like to commend you. I think this is a very sensible and very thoughtful proposal that lays out a phased implementation that makes a lot of sense and, frankly, is very helpful.

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

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

I'm not sure there is yet a consensus on how to best protect consumers or whether a legislative solution is, indeed, the best method for doing so.

I wonder if you have a different perspective on this.

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

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.

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.

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

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…

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

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.

I do wish we had taken more time to do the work we needed to do to understand the issues instead of just, as Congress typically does, acting like we did something great.

Dodd-Frank was basically put in place and rushed the way that it was to create clarity in the markets, and anything but that has happened.

I look at Dodd-Frank as an incredible exercise of laziness by Congress where basically Congress punted all the tough decisions to regulators.