I'll bring us all back, please.
I thank our witnesses for joining us today. Hopefully, you have at least a little knowledge of what we're trying to accomplish here and what type of questions you might get.
We're in the early stages of trying to move forward with the reference we've been given from the House. If you have opening statements we'll do them both first and then we'll go to questions from all the members.
Mr. Heard, I always try to do the ones on teleconference first in case the wire gets pulled some place and we lose you.
Please, go ahead. You have five minutes or less on an opening statement. We'll move on after that.