obviously the pipeline is somewhat out of our jurisdiction at the fdc. i agree with you generally when you have more supply you tend to reduce prices. i would also say this about the fask force. he was referring to a task force that has a number of agencies on it. we are actually doing an investigation into refinery prices. so that's a different matter. that's the clarification i want to make. >> thank you, we will accept the questions that you have for the record. >> thank you very much, madame chairwoman, mr. ranking member. it's a pleasure to be with you again. commissioner, pleasure to have you here. i have three questions on two separate issues. i don't know if we'll have an opportunity for a second round. >> absolutely if you would like one. one of them is, and i don't have to tell you all how is economy is hurting. particularly small and mid-sized businesses. not only do we have usual pressures, we have in other parts of country mortgage scams that is making a tough situation worse. now, for example, if i could use an example, if you have a chines

third, health care computation will remain very high on the fdc's agenda. we push back against rising health care costs, which are nearly 18% of the gdp and increasing faster than the rate of inflation by a variety of ways. and fighting restrictions on health care goods and services. as you know chairman, especially egregious practice is the pay for delay pharmaceutical agreement. they delay medicines into the market and cost americans dearly in higher prescription drug prices. fourth, we try to ensure that these deals don't lead to higher prices and we open an investigation among gas refineries last year. and it continues to this day. finally we have long believed. they need to be reviewed to ensure they are up to date, effective and not overly burdensome on businesses. more than a third of the rules and guides under review or recently reviewed. to ensure that it keeps up as online technology and our kids able to manipulate it speeds ahead. we revised the rules, to ensure the cases move expeditiously the process. this is virtually unheard of in federal cou

the fdc is expected not to file a complaint against jtekt. that company independently reported the wrongdoing prior to the raid. >>> people in japan's northeast are focused on overcoming the challenges of the 2011 disaster. but it won't be easy. they have to rebuild homes, businesses, entire communities. we'll show you their struggles and their successes on the road ahead, every wednesday at 1:00 p.m. japan time, here on "newsline." >>> preparations are under way for the complex job of removing nuclear fuel rods from the number 4 reactor at the fukushima power plant. an explosion severely damaged the building following last year's earthquake and tsunami and they must be removed from the fuel pool before the plant can be demolished. the plant's operator will use a special crane to remove the fuel and construct a cover to prevent radioactive materials from leaking from the building. the structure will cover the upper part of the pool and will provide a filter to prevent the spreading of radioactive materials. they expect to complete it by autum

in january of 2010, the supreme court issued its disastrous opinion in citizens united versus fdc. months later, the d.c. circuit court of appeals in the speech now versus fcc case, they also decided speech now. these two cases are the cases that gave rise to super pacs. millions of dollars now pour into negative and misleading campaign ads and often without disclosing the true source of the donations. the citizens united speech now decision renewed our concerns about the campaign finance, but the court laid the groundwork for this broken system many years ago. in 1976, the court held in buckley v. valeo that restricting independent campaign expenditures violates the first amendment right to free speech. in effect, money and speech are the same thing. the damage is clear. elections become more about the quantity of cash and less about the quality of ideas. more about special interests, and less about public service. i don't think we can surely fix this broken system until we undo the flawed promise that spending money on elections is the same thing as free speech. speech. that can