Jack Reed

There is also a responsibility to maximize assistance for homeowners and to minimize foreclosures.

The pace of replacement of air- and land-based systems and sea-based systems is something that you're going to have to consider because of the budget.

The Secretary has also indicated recently his intention to raise the onshore royalty rate from 12.5 percent to 18.75 percent.

I do anticipate a second round.

The initial feedback from the industry is positive in terms of the more expeditious permitting process.

It makes sense to basically help defray the cost of inspections and review to immediately rebound to the benefit of the drillers.

My work-sharing legislation was recently signed into law.

It sort of reminds me of the United States in the 1950s and 1960s where we were, through NASA, through the National Science Foundation, spending, relative to the rest of the world, huge amounts of money.

We are going to push very hard to get more resources for weatherization.

I write to express my strong support for the John H. Chafee Blackstone River Valley National Historical Park Establishment Act (S. 1708).

He was a visionary then, a visionary in the Senate, and this would be a fitting tribute to his service.

I was proud to introduce this bipartisan legislation, along with Senator Kerry, Senator Whitehouse, and Senator Scott Brown.

I think this is important for the Navy and for the Nation.

My work-sharing legislation was recently signed into law. Many States are now awaiting guidance from the Department in order to implement work sharing or strengthen their existing program.

I think the lack of accountability is what is driving a lot of investors and consumers batty about these bills.

Thank you very much, Mr. Chairman, Mr. Chairman, Mr. Chairman.

There is no reason why the Senate should not bundle these same proposals together, just like the House has, and we will.

I apologize. I had to go down to the Armed Services Committee.

I agree with some of today's witnesses who argue that there is not one simple reason for decline in U.S. IPOs.

Opening statement of Senator Reed

I thought that the Federal Reserve's white paper on housing was very thoughtful, very analytical, and nonprescriptive, which is appropriate.

We have several challenges facing us economically... it would be, I think, a good investment of our time and effort to do so.

In the context of the Volcker Rule, you are still looking very, very closely at these differentials between European treatment of their sovereign debt and ultimately the way the Volcker Rule will treat it.

I think it is important at least to recognize that the problems in the housing sector... have implications not only for the borrower and the lender but also for the neighborhood, for the community, and, of course, for the national economy.

This could be a very short hearing, Mr. Secretary.