Orrin Hatch: “Okay. It is my understanding that chip-and-PIN technology does not make online purchases more secure.”

It is disappointing the ranking member feels a need to question a statement that I made during the hearing.

It has been one of the great honors of my life to serve on this committee.

I urge Congress pass the OPEN ACT before the end of this year.

The Finance Committee has worked with the Treasury Department to ensure proper responsiveness to committee inquiries. We are continuing to review these matters to determine what further oversight is required.