frankly, the nrc changed the rules on them in midstream and told them they had to go back and reconfigure. that added to the cost. simultaneously, the overall economics began to fall out of the bottom as we saw new plants go by the wayside. it came to a point where it was not given that time, especially with the ridiculously high interest rates, it was not economical to build such a facility. it was a decision by the industry. from a public policy standpoint, president ford did it during the campaign. it was followed up on by president carter. he took it off officially. but president reagan came back three years later and said to have at it. but the economics have changed. >> by then, it was too late. >> it really comes down to price. >> i still blame jimmy carter. [laughter] thank you, senator. >> the other problem that seems to stand away is economics. what are we going to do to make sure that senator alexander's bill is actually implemented once enacted? how much is it going to cost? what will we have to do to the permitting and regulatory process? are we going to have to enact some li

attempts to build commercial reprocessing facilities at the time frankly, the nrc changed the rules in midstream. they said you had to go back and reconfigure. simultaneously, the overall economics began to fall out of the bottom as the saw new plants go by the wayside. it came to a point where it was franklin not given the time. it was not economic to build such -- it was not economical to build such a facility. from a public policy standpoint, president ford did it during the campaign and followed up by president carter. officially, president reagan came back and said to have that. but the economics have changed. they're barely comes down to price. >> i still when jimmy carter. >> thank you, senator. [laughter] >> the other problem that seems to stand away is economics. what are we going to do to make sure that senator alexander's bill is actually implemented once enacted? how much is it going to cost? what will we have to do to the permitting and regulatory process? are we going to have to enact some litigation shortcuts so that even when the agencies get on board and we have the money availa

minimize the ability to change compensation as required by major changes in markets and events in midstream between the annual ad buys revokes and say on pay. i also worry about the effect on say on pay and severance packages and ability to negotiate so-called golden handshake to facilitate an emergency acquisition even if you do a vote sometimes negotiations happen overnight with respect to negotiating acquisitions and i think those agreements are very important. sometimes they have to be approved quickly, not in time to do a shareholder advisory vote. >> thank. >> the chair notes some members have additional questions for the panel which they may wish to submit in writing. without objection the hearing record will remain open 30 days for members to support written questions and to place their response in the record. this is the end of this hearing. we thank you for participating >>> file sharing has wreaked havoc on the business. one of the goals of my industry is to have isp take more responsibility for the surface of the are providing and make sure that they are not just providing a hug

that is a midstream change in the purpose, but what it will serve to do is we do have a situation where we've got transit agencies that are taking receipt of capital funds that are simultaneously having to lay off employees, and we are hopeful that that added expansion will allow them to retain those employees and then keep them about the business rather than curtail bus route and laying off bus drivers to put them to work. >> that make sense. thank you. i believe my time that. thank you very much. >> on your side, ms. miller? >> thank you very much, mr. chairman, and i appreciate all of you, your testimony. i'm sorry i missed most of her testimony. i was at another meeting but i do think it's very important that we continue to monitor the progress of what is happening with the stimulus funds. i would like to draw your attention to an ap article that was all over the place around the beginning of may, many of you probably read it. and i subsequent wrote a letter to the chairman and the ranking member pointing out, and the articles that stimulus watch, early age leads out. and i like to

frankly, the nrc for perhaps good reason to change the rules on them in midstream. by the way, you have to go back and reconfigure. that added precipitously to the cost. simultaneously, the overall economics began to fall out of the bottom, as we saw new plans go by the wayside. and it came to a point where just frankly was not, given that time, especially with ridiculously high interest rates that make today pale in comparison, it was not economical to build such a facility. it was, franca, it was a decision by industry and, yes, from a public policy standpoint actually president ford did it during the campaign and followed it up by president carter when he was inoculated, took it off officially. president reagan came back three years later and said okay, have at it. but the economics have changed. >> by then it was too late. >> so it really comes down to price. >> i still blame jimmy carter. [laughter] >> thank you, senator. >> the other problem that seems to stem is the economics and so what are we going to have to do to make sure that the senator alexander's bil