mr. brahimi, and maybe it's just not exercising it, do you need more authority or is it just that the sec that we have had is not exercising the authority that they already have? >> no congressman i don't believe we have the authority to have a say on pledget-- say on pay proposals. the chairman of the sec is on board supporting the say on pay legislation. >> if the sec does not have it, do the regulators have it? or are we talking about all public companies that don't have regulators? what about with banks, regulated banks? with the regulators already have the authority to say you have got to have a more aggressive compensation committee on your board? would they have the authority already to say, you've got to give your shareholders a right to have a say on pay? >> no on say on pay. we would not have the authority to require those kinds of disclosures. that is the safety and soundness related. we may be able to do some actions there but i'm not sure we would be able to get as far as the treasury department would like. >> thank you mr. chairman. >> safety and soundness is used more often