Thank you, Chair.
Thanks again to the witnesses. We appreciate your taking a couple of those questions away and getting back to us with clarification on how that applies to a four-year election cycle. I think that's important for committee members to understand as we're considering this bill.
As Mr. Cooper said, we're generally supportive of a number of the provisions that came forward in this piece of legislation. I'm just looking for clarity on a couple of those items.
I want to follow up specifically on the monetary penalties. I'm wondering—I apologize if I missed this already—how you arrived at the proposed new $100,000 monetary penalty for entities in the bill.
