>> mr. xharm, chairman, we are required by law, and not just by the apa, but specifically in our law, to skr consider the burdens, costs and impacts of any rule we're developing. we take that seriously, not only because it's the law but because it's good public policy. we intend to and that's why i'm setting up some advisory panels to hear broadly from the financial industry about how our proposals may affect them and how they may actually work in practice. at the same time we're hearing from consumers and groups from across the country about what benefit it might bring to the consumer public. as i mentioned, we've inherited a lot of rules we didn't write. we have the opportunity to go back and think afresh about them. and there may be occasions where we can streamline those rules, losing no benefit to consumers and reducing the burdens on financial providers. we hope and expect to be able to do that. >> senator sheldon? >> thank you. mr. cordray, i'll try to move on. you've been very patient here