I remain opposed to this compromise. In my view, it could embolden Iran and strengthen its conventional capacity in ways detrimental to our own interest.

I do not believe the congressional defeat of this nuclear deal will lead inevitably to war.

I wish they had not been agreed to, the end of the embargoes.

On balance, however, I believe the nuclear deal will deliver more advantages than disadvantages to the United States.

It explicitly forbids taxpayer bailouts of failing institutions.

It creates the orderly liquidation fund and the Congressional Budget Office has scored the cost of this fund as a little over $20 billion over the next 10 years.

Let me be clear, I opposed the 2008 Wall Street bailouts then. I oppose them today.

I think reform of the bankruptcy law is essential for ending Government bailouts.

A reform that handles large financial firms and makes failure feasible under clear rules without spillovers would greatly reduce the probability of Government bailouts.

I want to thank all of the witnesses, as well. I think we have had a very helpful, very constructive discussion at advancing the cause and the understanding of this issue.

I think bankruptcy reform is essential to addressing the problem of too big to fail.

I think we need more accountability in the system, not less.