But we can protect ourselves against something like the Carrington Effect, the 1921 effect, and we can do that for a relatively low cost.
Voluntary is not working so good. From my standpoint, this is something that needs to be addressed.
Seven years later, we have virtually done nothing in terms of some quick fixes that would cost $100,000 per transformer.
So it was just ignored. It was something pretty scary, and we did not want to acknowledge it, so we put our head in the sand, and our head i...
Let us not sit back and go, 'Well, if you cannot protect everything, protect nothing.' Let us start protecting things.
So 7 years later, we have not developed national and regional restoration plans.
Again, so what I am going to try and convince our Ranking Member is to join me in authorizing up to $100 million to quickly install these as...
the purpose of this hearing is to basically stop and pull our head out of the sand, and start paying attention to this very real threat.
Some of these transformers are 2 years out in terms of lead time, correct?
The government has not done anything.
But let us at least protect ourselves from GMD in a more robust fashion where it does not cost very much.