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The Subcommittee on Railroads, Pipelines, and Hazardous Materials held a hearing on May 20, 2014 to review the 2011 Act. The hearing was opened with remarks by Chairman Jeff Denham (R-CA), who stressed the importance of a risk-based approach to pipeline safety driven by private investment. “We believe in a risk-based, data-driven approach to pipeline safety that focuses private investment in pipeline safety on those areas of higher risk. As PHMSA develops rules to implement the mandates contained in the 2011 act, it is critically important that we must provide regulatory certainly necessary for pipeline owners and operators to plan infrastructure investments, and do so with input from the safety community and industry.”