Thanks to all of you for your very articulate testimony.
We have finished the witness portion of the committee hearing and now will switch to questions and answers. We have a peculiar custom here, which is that members address their questions through the chair, and witnesses respond through the chair. I don't know whether that's actually written in stone, but we'll live with it.
The first questioner is Monsieur Picard.
Mr. Picard, you have seven minutes.