dan sokolov, have i got that right? is that it hideous as it for the research market and regulations. this division is responsible for understanding the consumer financial markets and evaluating whether there is the need for a graduation and the cost and benefit for the existing regulation. prior to joining the cftc, he held positions with the department of the treasury and served as attorney for the federal reserve. mr. sokolov, we look forward to your testimony. >> on the subject of small business in the consumer financial protection bureau. it is the federal agency accountable for establishing clear rules of the road for the consumer financial marketplace and mr. chairman, you mentioned the importance of the vibrant marketplace that is precisely what we are striving for. although the jurisdiction is limited with regard to the small business credit, we take our responsibility in this area very seriously. we recognize that small businesses are critical to the nation's economy and the small financial-services providers