my first question is to governor polente. i'd like to ask you about the standards that were put in place for the financial institutions. you mention they had worked well in the financial institutions, but i also want to know, have they proven to be overly burdensome for smaller banks and credit unions? >> congresswoman maloney no. the standards have been flexible. i think congressman nugerbauer and congressman carnie have done a good job in doing the same thing in their bill, which is to say, we're going to have standards and we're going to allow them to be scaled. i think that's a good model. >> in other words they've worked well and they won't be too burdensome for smaller institutions and retailers. >> i'd also like to know your feelings about the -- having a minimum or a floor standard. i know that california/oregon have a standard that's higher. i think it's important you have to have a floor. do you think it should be a floor or should it be a ceiling and why? >> another great question. right now we have nothing. >> rig

my first question is to governor polente. i'd like to ask you about the standards that were put in place for the financial institutions. you mention they had worked well in the financial institutions, but i also want to know, have they proven to be overly burdensome for smaller banks and credit