Russ Feingold: “I am delighted to know we are going to look at a variety of contexts at this hearing, including this one with the credit…”

“I am delighted to know we are going to look at a variety of contexts at this hearing, including this one with the credit card companies but also the one my colleague and I have had so much interest in regarding motor vehicles and also the employment discrimination area. To me, although I would be pleased to have this amendment on this bill, I think that is a good opportunity to point out the overall problem we have had, what my colleague described as the possibility arbitration would be used in a way that neither of us would like, that it would somehow become a method of unfairness instead of what we both hope, which is a way to resolve disputes more efficiently or economically, sometimes, than when you go to court. I think it is an excellent idea. I look forward to working with the chairman in preparation for the hearing. I think it is a good way to work out all these issues, and, again, I thank the Senator from Iowa for being very easy to work with on this and being very serious about getting something done.”