. >> senator kunz, thank you very much.enator johanns, please proceed. >> let me ask you a question. but let me also if i might lay some groundwork for this question, so you know where i'm coming from. i think all of us agree that the cftc must have smart forward-leaning regulation. the market changes so dramatically. and yet we still have to be sensitive to the potential to overregulate. we don't want to regulate everything that moves. so trying to be -- to strike that balance, i think is key. one example of regulatory overreach that i've been working on since dodd/frank passed, is marginal requirements on end users, when trading derivatives. i can state unequivocally, congress never intended for non-financial end users to be subject to margin -- costly margin requirements, and yet here we are almost five years later still battling with this. so i've introduced legislation that exempts end users from margin requirements. this is not a republican versus democrat issue. the measure's gained strong bipartisan support. a compa

. >> senator kunz, thank you very much. senator johanns, please proceed. >> let me ask you a question. but let me also if i might lay some groundwork for this question, so you know where i'm coming from. i think all of us agree that the cftc must have smart forward-leaning regulation. the market changes so dramatically. and yet we still have to be sensitive to the potential to overregulate. we don't want to regulate everything that moves. so trying to be -- to strike that balance, i think is key. one example of regulatory overreach that i've been working on since dodd/frank passed, is marginal requirements on end users, when trading derivatives. i can state unequivocally, congress never intended for non-financial end users to be subject to margin -- costly margin requirements, and yet here we are almost five years later still battling with this. so i've introduced legislation that exempts end users from margin requirements. this is not a republican versus democrat issue. the measure's gained strong bipartisan support. a com

haveors kunz and hatch recently introduced legislation to give victims of trade secret theft the option of pursuing thieves in federal court. senator flake has also introduced legislation to give companies a federal civil remedy for trade secret theft. i hope that the judiciary committee will act soon on legislation to strengthen both the criminal and civil protections against trade secret theft. i look forward to working with both legs toward that goal. colleagues toward that goal. what hope will be clear by the end of this hearing is that we to thisall in approach hearing. we must strengthen our criminal and our law enforcement agencies must prioritize trade secret that before it occurs. investigating and prosecuting when it does occur. i will add that there remains an urgent need for us to pass broader cyber security legislation. i appreciate working with senator graham on that effort. i look forward to hearing from our witnesses today and to working with my colleagues on both sides of the aisle to address this critical issue. is randall cness coleman, the assistant director of the t