i know senator johad h acjohans forward to working with these two agencies. now look to senator mike johanns for his opening remarks. >> mr. chairman, let me start out and say thank you to the witnesses for being with us here today. thank you, mr. chairman, for holding yet another important hearing as we work our way through the various budget requests under our subcommittee he's jurisdiction. i do look forward to hearing from the witnesses today regarding the details of your requests, as well as your plans to carry out core missions and implement dodd-frank in a responsible manner. there are three areas that i would like to highlight looking forward to your testimony and my questions. first, the s.e.c.'s implementation of the jobs act where is that on schedule. i'm concerned that it is not on schedule and i want to learn more about that. i do encourage the s.e.c. and your team to move with all appropriate speed and finalizing regulation a and the crowd second, i'd like to get both of your thoughts on technological advancement in the marketplace and what your