committee looked into the issue yesterday, hearing testimony from federal trade commission chair john liebowitz. in the meantime, republican senator pat toomey was concerned that additional regulation might hurt growth. this hearing is about 90 minutes. >> good morning and afternoon. and i apologize for being five minutes late. every day, tens of millions of americans go online to search for information. they want a shot. they want to pay their bills or they're accessing social networking. to state the obvious, the internet has fundamentally transformed every aspect of our lives. what is less obvious is the level of information that is collected about us each time we visit a website or watch a video or send an e-mail or make a purchase. now, consumers have had no choice but to place an enormous amount of trust in the online world, trust that their information is safe, that it will be secure, and it will be used appropriately, whatever that means. but the incentive to misuse consumers' information is very great. a consumer's personal information is the currency, in fact, of the web. the value of