mr. donohue has a short statement he and bruce josten will take your questions. please identify yourself and your organization when asking questions and wait for the microphones that the staff will be taking around to you. mr. donohue: good morning everybody. as tom indicated, we are looking forward to taking your questions. a few minutes ago, i delivered the annual state of the american business. if you want to get to specifics. there is a copy on your place. i said in the speech that the chamber that the state of american business in 2016 is filled with risks and challenges. our businesses and job creators are facing extraordinary political and geo political uncertainty as they have to deal with economic weakness at home and especially abroad. it's a real problem. and massive regulatory burdens and we are being told even yesterday by the chief of staff who did the "christian science monitor" deal, that they are going to be really aggressive on what they are doing on the regulatory side. we can't eliminate all uncertainty. but with the recovery that is problemly

mr. josten: this is definitional. there is a big difference between somebody stealing your personal information, hacking into a corporation to do corporate espionage. if somebody dropped a bomb on a structure, that would be considered an act of war. what if somebody attacks a critical infrastructure. nove of these things have been defined the way the private sector is comfortable. we have a huge task force that we have been working with. we will be involved with the federal government from the f.b.i. to d.h.s. and cybercommand trying to answer those kinds of questions and they are asking what are you going to do that in terms of detection, prevention and response. >> i would like to ask you about the western hemisphere. able to uphold that? mr. donohue: for more than 50 years we didn't do anything some -- it appears everyone is going to keep talking. i believe that will go through administration. brazil, at particularly. the changes there, we will see how they play out. i believe it is an area some disquiet. very impo

mr. josten: soon. >> what does soon mean? mr. josten: this year. shortly. in the coming months. >> what is the process on the customs bill. mr. johnson: you have to rank everyone -- you have to figure including,ote we are make sure we are not have errors, and that is not easy. it will be a couple of. it's going to be a couple of months. reporter: what is stopping you. mr. josten: it became the dumping ground. the first deal was to try to get out of the customs bill and that had nothing to do with the customs bill. that has been going on. then congress wanted to add the internet tax freedom act which has been around from 19892. -- 1992. it has been reauthorized perpetually. no real access. they wanted to make it permanent. it is now the permanent internet tax freedom act. complicatedin because he wanted to add the marketplace fairness act, which is an amendment to a larger bill. it has never been considered in the house of the presented its. it has never moved to the judiciary committee. the barrier right now, the thelenge right now, is durbin wanted to add