31.   But beyond putting them in the spotlight for a day, the commission has had little tangible benefits to offer them.

32.   But he also questioned whether the federal commission has the right to regulate the financial or fund-raising activities of a California municipality.

33.   But he cautioned against expecting too much, because his commission has neither the powers nor mandate to do such work.

34.   But more than a year and a half later, the commission has yet to be established.

35.   But she said the commission would have to go through the process of publicly considering the Oz plan again because Wolf had missed it the first time around.

36.   But the commission does have its defenders on Capitol Hill.

37.   But the racing commission still had to hear arguments and make its own ruling in the case.

38.   But the commission had growing pains.

39.   But the commission has no authority to require the long-distance companies to pass on to their customers any reduction in access charges.

40.   But the commission has no criminal powers and little control over people who, like the Bennetts, are not technically in the securities business.