Both of these issues are critical to the industry and the Commission. Yesterday, the Commission expressed support for the Senate bill which just passed out of committee and I am committed to working closely with Congress to enact this legislation. Exceptions may be made where required by statute, exigent circumstances, or for clearly non-controversial matters. I don't view the moratorium as a time to shut down the Commission, but rather as the perfect opportunity to spend added time focused on other areas, such as interpretive guidance and no-action letters. The third prong of my agenda is to ensure that the Commission not only keeps pace with technology and other changes to our marketplace, but that we spend some time thinking about the challenges ahead.
Information is also the lifeblood of effective regulators.
We cannot tackle tomorrow's problems with yesterday's information. This is particularly the case where technology is involved. Accordingly, as a strong believer in maintaining a frank and open dialogue with our regulated public, I plan on holding a few in-depth roundtables in the coming months on certain important and emerging issues. The roundtables, which are still in the planning stage, will cover at least a portion of securities market current events. I'll say a brief word about each today with a mention of some of the topics upon which I plan to hold roundtables.