>>mauney: from the time you nod your head that you get off its all reaction. if you're thinking about it it's too late... >>elliot: some guys just look smooth and make it look easy and then some guys look like it's just a dogfight every time they ride one. >>jong: so the bulls range in size from about 1100 to just over 2000 pounds. when the rider's ready,he will nod his head, the chute will open. then he's got eight seconds to impress the judges. as you can see he's off there...and preferably...not get killed. he didn't last eight seconds. >>reporter: the pbr tour is a true american success story...a story that started in 1992 when a bunch of bullriders decided to break away from the broader rodeo circuit that the sport had always belonged to... >>lambert: the first day there were 11 of us and we put 1000 dollars apiece in to form this company and then we offered it to the top 30 bull riders in the world at that time in professional rodeo. that's where we all came from. >>reporter: 22 took up the offer and they never looked back...today the tour runs over 300

the question is say in the fourth or the sixth or other places delete including the supreme court, mauneyhentges is the judges would be hesitant because they know they would be slowing it down and if any one circuit avoids the review that is the case that will go up. i think sometimes they ordered the review before the argument before the path and that is certainly possible here. i think it's possible to say if they would have review but we are on track for the next term of the court. i don't think the jump over the court of appeals. i hope not. this could use some ventilation and the fact is the provision being challenged and it's not going into affect on till 2014. >> i was uncertain whether mr. olson replied to mr. dellinger's observation of what he thought the commerce clause interpretation would be in the court or whether he is silent on the topic. what is your opinion as to what the court will do with the commerce clause questioned? >> i haven't studied it and i don't know. i really have to say i do not know. i think there are good arguments and the have been expressed by walter. th

mauney fear candidly is right now there is no legal protection and there's a great deal of incentive.americans are the date the two greatest businessmen and women of the world. give them an incentive and say there's an economic incentive to attract people on line and they will do a good job of it. so we need to put controls in place to make sure the consumer is part of the process. >> how far do the controls have to go? if the consumer has knowledge, one of the problems is we have learned -- i don't know if i have the statistics here or not -- i don't think i do. we found hysterically when that people consistently say this is something i'm really super concerned about, but then didn't believe could tend to engage in practices on the internet that the line that a little bit. >> sure. i think part of that is the haven't had a meaningful choice at this point. it's been a sort of take-it-or-leave-it approach so it's hard to expect people to invest time and energy in something -- >> a lot of folks at the table would disagree they don't have a meaningful choice. >> sure, but the fact i can'

mauney fear candidly is right now there is no legal protection and there's a great deal of incentive.americans are the date the two greatest businessmen and women of the world. give them an incentive and say there's an economic incentive to attract people on line and they will do a good job of it. so we need to put controls in place to make sure the consumer is part of the process. >> how far do the controls have to go? if the consumer has knowledge, one of the problems is we have learned -- i don't know if i have the statistics here or not -- i don't think i do. we found hysterically when that people consistently say this is something i'm really super concerned about, but then didn't believe could tend to engage in practices on the internet that the line that a little bit. >> sure. i think part of that is the haven't had a meaningful choice at this point. it's been a sort of take-it-or-leave-it approach so it's hard to expect people to invest time and energy in something -- >> a lot of folks at the table would disagree they don't have a meaningful choice. >> sure, but the fact i can'

the question is say in the fourth or the sixth or other places delete including the supreme court, mauneyhentges is the judges would be hesitant because they know they would be slowing it down and if any one circuit avoids the review that is the case that will go up. i think sometimes they ordered the review before the argument before the path and that is certainly possible here. i think it's possible to say if they would have review but we are on track for the next term of the court. i don't think the jump over the court of appeals. i hope not. this could use some ventilation and the fact is the provision being challenged and it's not going into affect on till 2014. >> i was uncertain whether mr. olson replied to mr. dellinger's observation of what he thought the commerce clause interpretation would be in the court or whether he is silent on the topic. what is your opinion as to what the court will do with the commerce clause questioned? >> i haven't studied it and i don't know. i really have to say i do not know. i think there are good arguments and the have been expressed by walter. th

if they did not try to address that issue in the most effective and efficient way and in the most mauney evasive way as possible, then if somebody was harmed and god forbid killed then people would be screaming. so as the conduct or oversight it's important to understand that he is a professional storch with protecting the traveling public have determined this technology is necessary to protect the real threats posed by al qaeda and other affiliate's. it should be to provide instructed oversight to help tsa strike the right balance between the need for security and concerns about the convenience, costs, health and privacy and i want to make it clear as our ranking member has come every member on this side of the nile and ensure the other side of the dial our number-one concern is the safety of our traveling public and at the same time striking a balance so we have procedures that protect them which doesn't go too far with regard to invading their privacy and making sure they can have a wonderful experience, and we understand and i want to thank our witness for being here today. sar reva

that the government should step in to prevent -- at that point of catastrophic loss i guess, and mauney guests is i know what we just went through was catastrophic, so i know that much complies, comes within your defection. but also in reading this in the president's proposal and report the administration, it would appear that the other definition would be after the private guarantor is wiped out. is that -- does that trigger catastrophic or is there a reinsurer beyond that? >> you're talking about the gerient option three? one way to do is to say you have no exposure to the taxpayer until the guarantor has failed so to make sure there's enough risk ahead of the taxpayer and to our right to say that where you set the lines is what is important to the economics of arrangement, very hard to do, but it's not -- it's not beyond our capacity. it works dramatically better than the system we had. i'm actually more optimistic you can design something in that area that is not nearly as vulnerable as the system we had with of the gses and the types of failures we saw. >> thank you, mr. chairman.

if they did not try to address that issue in the most effective and efficient way and in the most mauney evasive way as possible, then if somebody was harmed and god forbid killed then people would be screaming. so as the conduct or oversight it's important to understand that he is a professional storch with protecting the traveling public have determined this technology is necessary to protect the real threats posed by al qaeda and other affiliate's. it should be to provide instructed oversight to help tsa strike the right balance between the need for security and concerns about the convenience, costs, health and privacy and i want to make it clear as our ranking member has come every member on this side of the nile and ensure the other side of the dial our number-one concern is the safety of our traveling public and at the same time striking a balance so we have procedures that protect them which doesn't go too far with regard to invading their privacy and making sure they can have a wonderful experience, and we understand and i want to thank our witness for being here today. sar reva

the question is say in the fourth or the sixth or other places delete including the supreme court, mauneyld be hesitant because they know they would be slowing it down and if any one circuit avoids the review that is the case that will go up. i think sometimes they ordered the review before the argument before the path and that is certainly possible here. i think it's possible to say if they would have review but we are on track for the next term of the court. i don't think the jump over the court of appeals. i hope not. this could use some ventilation and the fact is the provision being challenged and it's not going into affect on till 2014. >> i was uncertain whether mr. olson replied to mr. dellinger's observation of what he thought the commerce clause interpretation would be in the court or whether he is silent on the topic. what is your opinion as to what the court will do with the commerce clause questioned? >> i haven't studied it and i don't know. i really have to say i do not know. i think there are good arguments and the have been expressed by walter. there are also good argumen