Thank you, Chair.
Thank you, Mr. Chapell, for being with us today. I am getting a quick education from my colleague.
As you know, this study has been going on for some time. We have been trying to clearly understand our role as legislators in ensuring that consumer privacy is paramount. Through this study, we have come across a number of different areas that are very concerning, and there have been others about which we have been told it's best to just leave the industry alone, because with any more regulation we would stifle growth and employment. We're trying to find a fine balance in terms of where we belong in this whole process and at the same time ensure that consumer privacy is critical.
As you know, we have met predominantly with social media companies. I wonder if you would agree that the social media companies will push the edges of the envelope to the extent that they are able to until such time as a regulatory process says, “Enough.” Would you agree that is a fair statement, or am I overstating it?