Thank you so much, Madam Chair.
It's such a pleasure for me to be at committee today.
I want to thank all the witnesses, as well, for being here today. It's very important for us to hear your testimony.
Ms. Saras-Voutsinas, thanks so much for being here. We haven't seen you since the finance committee. Thanks for all your unbelievable work.
Professor Geist and Professor Owen, I read both of your work. Everything that you guys write, I read. It's very thoughtful.
Professor Owen, I will start with you and continue the conversation that we just finished. In the past, I believe you've argued for and supported a fund model. I know many others have. If I heard your comments correctly, you have now evolved to supporting the bargaining framework.
Could you talk a bit more about why the bargaining framework is a more appropriate policy?