SPEAKER INDEX CONTENTS INSERTS BHAGWATI 38 40 55 61 62 65 BIGGERT 20 21 DEROSA 41 43 63 64 FEENEY 27 28 32 33 35 37 40 41 43 46 48 50 53 58 59 62 63 64 65 66 67 68 69 FRANK 4 22 23 24 25 26 27 35 38 53 54 55 56 57 58 59 HENRY 43 53 66 67 HENSARLING 33 34 35 KING 1 4 7 8 9 12 15 16 17 19 22 25 26 27 29 LACKRITZ 46 56 57 58 59 67 MALONEY 2 17 18 19 MANZULLO 35 36 37 59 61 62 MENDENHALL 12 16 17 21 25 26 28 29 31 32 34 36 37 SANDERS 7 30 32 33 TARULLO 48 54 67 TAYLOR 9 15 16 17 18 19 20 21 22 23 24 25 27 30 32 33 34 36 VASTINE 51 57 58 59 68 CONTENTS SPEAKERS INSERTS STATEMENT OF HON. JOHN B. TAYLOR, UNDER SECRETARY OF TREASURY FOR INTERNATIONAL AFFAIRS PAGE 9 STATEMENT OF JAMES E. MENDENHALL, ASSISTANT U.S. TRADE REPRESENTATIVE FOR SERVICES, INVESTMENT AND INTELLECTUAL PROPERTY PAGE 12 STATEMENT OF JAGDISH BHAGWATI, ANDRE MEYER SENIOR FELLOW IN INTERNATIONAL ECONOMICS, COUNCIL ON FOREIGN RELATIONS PAGE 38 STATEMENT OF DAVID F. DEROSA, PRESIDENT OF DEROSA RESEARCH AND TRADING, FREDERICK FRANK ADJUNCT PROFESSOR OF FINANCE, YALE SCHOOL OF MANAGEMENT PAGE 41 STATEMENT OF PETER BLAIR HENRY, ASSOCIATE PROFESSOR OF ECONOMICS, STANFORD UNIVERSITY GRADUATE SCHOOL OF BUSINESS PAGE 43 STATEMENT OF MARC E. LACKRITZ, PRESIDENT, SECURITIES INDUSTRY ASSOCIATION PAGE 46 STATEMENT OF DANIEL K. TARULLO, PROFESSOR, GEORGETOWN UNIVERSITY LAW CENTER PAGE 48 STATEMENT OF J. ROBERT VASTINE, PRESIDENT, COALITION OF SERVICE INDUSTRIES PAGE 50 INSERTS SPEAKERS CONTENTS NO INSERTS IN THIS HEARING