Jack Reed actually said...

For a nonfinancial company, you could be doing hedging as an end user, but you could also be very aggressive in your hedging.

I think it is really incumbent upon the regulators to figure out how to write a rule that allows legitimate hedging to go forward as it need...

Their fear is obviously that this fund is locked in.

That is, we've had an environmental education program through EPA for many, many years.