On Tuesday, JPMorgan Chase CEO Jamie Dimon appeared before the House Financial Services Committee to answer questions on the company’s recent $3 billion loss in risky bets. Democratic Rep. Barney Frank of Massachusetts pressed Dimon on whether he intends to take a pay cut to help cover the loss.

Rep. Barney Frank: “You did say finally that there would be some clawbacks for compensation. You’ve also taken some responsibility here. Will the clawbacks for compensation — is your compensation on the table for consideration of clawbacks?”

Jamie Dimon: “Yes, all of the — this whole axis is being reviewed by the board.”

Rep. Frank: “Yours specifically. It’s a specific question.”

Dimon: “My compensation is 100 percent up to my board.”

Rep. Frank: “Is it — Mr. Dimon, you said there are going to be clawbacks for people responsible. Is your compensation in the pot that’s going to be considered for that?”

Dimon: “They will do what they see is appropriate. I can’t tell my board what to do.”