Jack Reed actually said...

"We hope to have all of that in place for competitive leasing later this year."

"And, frankly, they also, deserve the opportunity of, evaluating, and commenting on the procedures to insure that they are fair to all potential parties."

"Thank you very much."

"I believe, that all of the proceeds from production--from the gulf, from the Chukchi, from Bering, from Beaufort--all of those go to the Treasury of the United States."