Mark Warner

If you want to run for President, you have a lot of folks on your side, so jump on in.

We need to have, at the Federal level, an infrastructure financing authority.

The fact that we have in our government right now an office in the United States Treasury that advises American pension funds on how to invest in European and foreign infrastructure, because there is no ability for American pension funds…

I do find--and Senator Menendez has already raised this. You know, we might have never built an Interstate Highway System because there was massive wealth transfer from certain States to less populous States over 40 years.

I do believe that we are going to have a hard time saying to our domestic companies that we have just given multinationals whatever blended rate, and they are still paying 35 percent.

There was never any intention of creating a 'Hotel California,' ... where you were able to check out any time you like but never leave.

I think most States that have 2-year budgets have worked that process successfully.

This framework must include tax reforms to raise more revenue, encourage growth, and enhance progressivity.

If we do not get a rise in--sorry, if we get too large a rise in--

I appreciate this. I look forward to working with you and everybody else, and I will be willing to take on the entitlement issue.

I think those theories have been debunked in the past.

No partisan ideology is worth the cost to our Nation.

And let me also thank you and Ranking Member Wyden for allowing me and my good friend, Senator Isakson, to take on this challenge.

It is the principal reason why I held a hearing in this Committee in May 2013 assessing progress on cross-border resolution.

I guess one thing I would also like to ask comments from the whole panel is I think one of the things that we have seen progress is that there is a growing recognition from the Fed and others that the insurance business is different than…

I think we had pretty broad agreement from both sides of the aisle that there needed to be this clearer path to de-designation.

While Senator Warren and I differ on the trade approach, I concur she raises an interesting question that I have not fully thought through and think we need to get some answers on.

The financial crisis of 2008 was global in nature and taught us that systemic risk does not respect geographic borders.

I do not think when we created the notion of SIFI that there was the 'Hotel California' concern that once you check in you can never check out.

Will there be Federal minimum standards for emergency radio interoperability standards?

There ought to be some level of common standards.

Now, given the size of our Nation's backlog on transit maintenance, which stands, as you said, at over $86 billion, growing at about $2.5 billion annually, it is unrealistic to think that we are going to solve this problem overnight, but…

What I hear is there are not any of these standards.

It is time to get moving, to prioritize Federal funding to get our transit systems to a state of good repair.

We would be very focused on the end of May.