Randy Neugebauer

There is probably no greater responsibility that members of Congress have, and that is to do oversight.

one of the reasons that government is not good at pricing risk is because sometimes instead of pricing it actuarially or based on a risk model, it is priced politically.

If this is true that full-scale power plants operating now are not operating with CCS technology, how can you say that it has been adequately demonstrated?

How do you look at them and say -- how do you deny them access? I don't get that.

We need to say, no, nobody believes it is going to happen.

This committee's oversight should be focused on empowering the FIO to encourage healthy competition at home and a level playing field for U.S. insurers abroad.

We simply can't afford to have these agencies miss opportunities to implement low-cost mitigation measures.

We have to stop that and we have to stop it now because, quite honestly, we are reaching, I think, a tipping point in this country with $16.6 trillion in debt.

What we do know is that there is kind of a trend here, that government doesn't do a good job at pricing risk.

Inappropriately applying position limits to such funds could significantly reduce investor access to commodity markets, shrink market liquidity, impede price discovery, and destabilize the market.

I am concerned that the rule fails to distinguish between speculators on the one hand and certain broadly diversified, passive index funds on the other.

We should all expect a well-regulated financial system that is free of fraud and abuse and includes robust consumer protections.

I think we have really been talking about the people that we need to be talking about: the consumers of financial products. Those are actually the people who are most affected by this.

the role of Congress is for transparency and integrity of the markets. That is our goal.

I am profoundly confused by the logic behind all of this when the threats to our economy leading up to 2008 were so clear and so transparent.

However, a $1.6 billion loss of customer money is not a risk that should exist in an effectively regulated free market.

In order to make those businesses viable, we need a very strong and effective crop insurance, risk management for our producers.

the CFPB isn't under the appropriation process. If they spend $100 million on paper clips, we can't even say, 'Wait a minute, you can't do that next year.'

Let me a tell you what a recipe for disaster is--allowing citizens to be lied to and bilked into subprime predatory mortgages...

I believe that the taxpayers deserve to know how their money is being spent ahead of time rather than after the fact.

I certainly don't want to be back in the same situation we were in 2008 when everybody was pointing at everybody else saying it wasn't me, it was the other guy.

Did this committee ever have a hearing on that to scrutinize where every single dollar is going? Zero, silence, nada.

In a time of a budget deficit, oversight and accountability on spending is urgently important.

we now have an agency that has basically unlimited powers, which is being run by a person who has not been constitutionally ratified to hold that position.

This hearing is not about consumer protection; it is about accountability, accountability that the American people desire.