Mark Warner

The public deserves to know how each Federal dollar is spent.

The title of today's hearing could not be more perfect: 'Show Me the Money.'

The goal of his bill was to basically show the taxpayer the money.

If you do not have transparency, it feeds into the public's distrust and cynicism of everything we do.

I also want to apologize to the Committee. You have all had to endure at times stories from me of my glory days as governor.

The goals of the bill, which include transparency of Federal spending and consistent data standards, are admirable, and I certainly support them.

I do think one area that we ought to continue to promote is having the Federal Government... move more quickly into the cloud.

The primary goal of the DATA bill is to show us--both the taxpayers and the policymakers--the money.

We actually have legislation to try to promote these startup activities, Startup Act 2.0, which addresses the very issues you talked about as well as the issue of talent.

It is remarkable--and I think this is why Congress is at record low levels of approval--that we cannot step up, almost un-American that we cannot do our job relative to what is being asked of other people around the world.

I would also point out for some of my colleagues that because of the actions we took as this Congress in Dodd-Frank and otherwise, we have seen an increase in capital in American banks in excess of $300 billion.

I share, Chairman Schapiro, your concern that if you have got to have an intervention and whether that intervention is de minimis or larger, if it is breaking the buck, it has the potential of starting and unraveling.

This episode demonstrates an extraordinary failure of risk management.

We must have a regulatory regime that determines what risks can be undertaken by which financial institutions.

Risk is an everyday feature of our financial system.

No. I hope we can get a number of our colleagues to join us. This doesn't fall under a traditional Democratic versus Republican lexicon. This is more about future versus past. This is the future of global competition for talent, for ideas…

I would like both your comments in terms of have you had the tools you need to kind of evaluate the back and forth on creation of living wills.

The notion of formal or informal--probably better informal, Dr. Bergsten--of a G2 idea, I think, makes enormous sense.

We have a potential, still, to blow this relationship, and China, as they try to move toward, I think we all agree, toward this consumption-based approach.

I would like to call to order this hearing of the Senate Banking Subcommittee on Security and International Trade and Finance entitled 'Reviewing the U.S.-China Strategic and Economic Dialogue'.

You cannot take risk out of the marketplace.

We all worked very hard together--and actually, Senator Shelby, on Title I and II we got 85 votes on your and Senator Dodd's approach

What is reasonable? What is that connectivity?

Thank goodness we already have in place higher capital requirements, so there is not a systemic risk or a risk to the institution

I think Senator Shelby did not agree with me on this one, but on the OFR, which would be, in effect, the independent repository of data and information.