Thank you all for your presentations and for keeping them so tight. We have your recommendations in the paper as well.
We'll turn to the first round of questions. I might remind committee members that because we're not in our usual one-and-a-half-hour hearing schedule and we have only an hour, there will be four six-minute questions and two five-minute questions. That will likely end it. If people want to split their time, just let me know.
We'll start with Mr. Kelly for six minutes.