Senator Sarbanes has provided a quiet leadership of fatherly questioning and direction. I appreciate the hours my fellow Senators have taken to explore this national problem and review this proposed solution. Senator Shelby, Chairman of the Intelligence Committee and a ranking Banking Committee member was a big contributor and advisor before the bill even came up in committee. Senators Warner, Thompson, Helms, and Kyl have spent countless hours during the last week ironing out difficulties. Senator Cochran, a warrior of past battles has been a tremendous help.
Industry needs reliability and predictability.
Industry needs to be able to make it to the market place at least at the same time as competition and preferably before the competition. They need procedures that meet the speed of the world economy. For our national security, we need to be sure that items that can be used against our country don't fall into the wrong hands. We have formed a tough love partnership that achieves both goals. Teamwork in the bill is begun by higher penalties for violations.