Thank you. I was going to ask you at some point about the charter, but you've outlined that fairly clearly.
For now, what I'd like to do is propose.... Any of the witnesses can feel free to weigh in on this. I don't believe that the bill has a sunset clause. I think that this bill has been quite controversial. I'm hearing about it as critic and we are hearing about it at committee. The general consensus has been—and not everybody has said this—that there is a necessity for legislation on this topic. I'm paraphrasing you, Professor, that we shouldn't be passing this legislation carte blanche and without scrutiny.
As I would say in my legal career, it's not just important that we get it done; it's that we get it right, especially on something like this.
One mechanism is a sunset clause. I'd love for each of you, or whoever wishes, to weigh in. I suppose a sunset clause can take multiple forms. One of them is a review at committee after five years, which in my experience doesn't generally happen. It just gets kicked down the road. Another would be a legislative review. I'm not sure if or how that would occur, but I suppose we could fashion that. Another is the bill just sunsets after three years. In other words, you need new legislation to revive it.
Do any of you have opinions on that?
Mr. Hatfield, please go ahead.