Thank you, Mr. Chair.
Thank you to all the witnesses for being here.
Professor Edmans, I have a question for you.
You have been repeating, often in response to questions, the need to leave it up to the consumer or client to make choices about where they invest. To that end, a taxonomy or a reporting and disclosure requirement provides information to consumers and investors, as well as some consistency and simplicity, because not all investors can read through the reports and figure this all out.
If people are going to make true and clear choices about what they want to invest in, do you believe this kind of transparency disclosure or taxonomy, which simplifies how an investor can look at these companies' investments, is necessary?