under expanded nmls. at the end of 2014, there were 20,000 are,386 -- 20,386 professionals registered in the system. nationwide there was a need to conduct over 105,000 background checks outside of the system. it is estimated that this bill will reduce the number of background checks conducted outside the nmls system by 80% and reduce the administrative and regulatory burden of state banking examiners to conduct them. in closing, i want to make two points. first, no authority to conduct background checks is created by this legislation. second, no new licensing requirements are created by this legislation. and i want to again thank the gentleman from texas for his hard work and with that i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentlewoman from wisconsin is recognized. ms. moore: thank you so much, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentlewoman is recognized. ms. moore: thank you so much,