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The hearing will come to order. First of all we want to thank all of you for being here today. I want to thank my friend, Ranking Member card and his staff for the possibility with the scheduling of todays hearing. Its interesting because been card and i i maybe three of the last remaining of the class of 1987. We have smith in a couple of more. Its funny, were on opposite sides and a lot of issues but we are always together in friendship as well as in infrastructure. Et is this weeks infrastructure week its a great opportunity to highlight the critical needs in this country. Tomorrow the comm...

Together in friendship as well as in infrastructure. As this weeks infrastructure week, its a great opportunity for us to highlight the critical needs we have in this country. Senator inhofe tomorrow we will question secretary chao on the administrations priorities and its my hope todays hearing will be a productive lead into her visit. Last congress, the e. P. W. Committee led the charge to pass the fast act, the sixth highway reauthorization bill that i personally worked on. This was the largest one since 1998. Nobody believed we could get it done. Others thought wed get an 18month bill but ...

First of all, want to thank all of you for being here today. Thank my Ranking Member carden and his staff and the flexibility they have. Its kind of interesting, ben cardin and i were maybe three of the last remaining of the class of what was yeah. 1987. Were we have lamar smith and a couple more. Anyway, its funny. Were on opposite sides and a lieutenant of issues that were always together in friendship as well as in infrastructure. As this weeks infrastructure week, its a great opportunity for us to highlight the critical needs we have in this country. Tomorrow the full committee will have t...

The meeting comes to order. First of all, we want to thank all of you for being here today and thank my friend Ranking Member cardon and his staff for the flexibility with the scheduling todays hearing. Its kind of interesting because ben cardon and i were are maybe three of the last remaining of the class of what was that . Yeah, 1987 chlt after the issue was behind us. This is beginning to be different. Were always together in friendship and in infrastructure. As this weeks infrastructure week, its good to highlight the critical needs we have in the country. Tomorrow the full committee will ...

Transparent this is one consensus were not interested in hedge fund that are not transcript we want to know where ore money is going and be able to track it on a regular basis ive heard the concerns that hedge funds some hedge funds work in a career to our hedge funds they have our same values in San Francisco theres one that is large one founder is focused on hedge funds so my point is not all hedge funds are the same in terms of down side protection some hedge fund use derivative contacts like Warren Buffett and some are shot stocks theres a way to buy downsize protection a lot of ways. Ther...