mr. heslop indicated, we signed in m.o.u. with an earlier this week where we will be doing their leasing actions for them moving forward. and following the transfer process that we can't use at gsa. >> thank you. tremont. >> thank you for this question. thanks for the responses as well. i spent all a bit of time this week, in light of the deal to avoid default on the nation's debt, i spent a fair amount of time talking to my colleagues and to the american people about how we have a tendency around here to focus on addressing symptoms rather than addressing underlying, if you will, the underlying cause of disease. and in a situation where federal government, the symptom is a debt crisis, debt ceiling crisis. the cause, the cause of the illness is the fact we don't spend money wisely, we don't collect all the money that is owed, and so what we ended up doing was not addressing the underlying cause, unfortunately. lead to another day addressing the real underlying cause. been reading to the tesla, especially especially gsa owes

mr. heslop intent to get out of the leasing business if they fear there is enough competence to handle that so it would be prudent to take away the leasing authority. >> mr. wise, thank you for your introduction. i have filed a bill that basically mirrors the president's idea how to address these issues when it comes to leasing and buying. i was wondering if you could describe the realignment of civilian real property by consolidating and reconfiguring space to increase the efficiency. do you think that can reduce the government's over reliance on leasing? you hinted at it in your initial are putting -- opening. >> cipra does not discuss leasing but has a provision we think would be useful to help alleviate reliance on leasing government has with talk about co location and realignment of the federal footprint. as we go forward if cipra becomes the notified there is a good possibility it could be a contributing factor toward reducing the government reliance on costly leasing. >> you said it takes $1.66 billion to operate and keep open the underutilized buildings. i found that really fascinat

mr. heslop, what does it take to get disciplined or fired after agency when something like this happens? >> the disciplinary process essentially your report was issued, mr. kotz iban on the 17th of may of this year. and since that time we have followed mr. cox's guidance. we have reviewed the report to our general counsel has analyzed in great detail. we have conducted sublunary investigations and supplementary interviews. there was a slight hold when basically when mr. kotz referred to the department of justice, the individuals mentioned in the report as a matter of practice. we don't complete investigations or interview the individuals named to the department of justice comes back to us and gives us they're okay that we can so doesn't interfere with their investigation. we receive it okay. the investigation then began to proceed. as the investigation unfolded, it became apparent that in the interest of objectivity and fairness, it would be in our best interest to hire an external party to help us conduct that investigation. we are in the process right now. >> so in fairness to the taxpa

mr. heslop indicated we signed in, you were we will then be doing the leasing actions moving forward in followingsparent process that currently is a gsa. >> rate, thank you, mr. chaiman. the mac thinks the questions and responses as well. i spent time this week talking in light of the deal to avoid the follow on our nations to. i spent a lot of time talking to my colleagues and to the american people about how we have a tendency around here to vote bissonnette dressings and tons, rather than addressing underlying, if you want to use a hot analogy, underlying cause of disease. in a situation where federal government, and maybe the incentive is the debt crisis -- that dealing crisis. the cause of the illness, sickness, and the fact that we don't spend money wisely. we don't collect all the money owed is what we ended up doing is not just in the underlying cause unfortunately, fully addressed it to raising the debt he. will lead to another day the real underlying cause. the gao testimony came back to -- let me come back. one of the things wn

mr. heslop, i don't want to beat a dead horse, but when you say "you're on the hook for the space," but you're not using it? >> right. >> you mean the taxpayers are on the hook? >> the fcc is funded by fees, however, we get appropriation from congress, and basically there's a mixed tradeoff. >> okay. ? >> it's not direct pax theyer dollars, but there's an obligation coming in january 2013 if we can't find a tenant, but the conversation with gsa is optimistic between now and then. >> you're not in that space, but in another space that you're paying for right now, a couple other spaces you indicated throughout the region? >> right. 11 regional offices. >> okay, i just wanted to be sure i understand that. thank you. >> mr. kotz, in your may 2011 report, you indicatessed the f -- indicated the fcc grossly overestimated the amount of office space it needed and might have violated federal law signing a $566.8 million ten-year lease last year at constitution center. based on your findings what calls did the fcc have in place to lease the appropriate amount of space in the most advantageous location a

mr. heslop i don't want to beat a dead horse but when you say we are on the hook for the space but we are not using it united physically in the space you mean the taxpayers are on the hook. some cover to get our appropriation from congress and basically there is a next tradeoffs of it isn't direct taxpayer dollars but someone is paying there's an obligation that will come due in january of 2013 if we are unable to find a tenant. however, i think our conversation with the gsa is optimistic and we will -- >> so you are not in that space but you are already in another space you are paying for right now you indicated throughout the region; is the right? >> right. we have 11 regional offices. >> i want to make sure i a understand that. thank you. >> mr. kotz come in your may, 2011 report you indicated to the sec that they grossly underestimated the office space that it needed violated federal law by $556.000000 lease and last year the constitution center. based on your findings the totals the sec have in place to insure that there was leasing at the appropriate amount of space and the most adv