Jack Reed actually said...

I want to recognize obviously my colleague Senator Whitehouse, who has been such a powerful force.

Despite this damage, we know the outcome for our State could have been far worse had the storm followed a slightly different track.

Your leadership helped to prevent a large cut that was being proposed in the U.S. House of Representatives.

And that is something that we have had in the United States, but this is a new aspect for Basel III for the whole community.