Good afternoon everyone. The meeting will come to order. Welcome to the july 9, 2020 meeting of the rules committee im supervisor hillary ronen. With me is supervisor catherine stefani. And gordon mar. I like to thank sfgov tv for staffing this meeting. Mr. Clerk, do you have any announcement . Yes, due to covid19 emergency, City Employees and the public, board of trustees legislative chamber are closed. Members will be participating in the meeting remotely. Committee members will attend the meeting through Video Conference and participate in the meeting to the same extent as if they were physically present. Public comment will be available on each item on the agenda both channel 26 and sfgov tv. Org. Our streaming numbers across the screen. Each speaker will be allowed two minutes to speak unless comments are opportunities to speak during the Public Comment period are available via phone. Number is 408 4189388. You will hear the meeting discussion. Youll be muted and in listen mode on
Officials tell the Senate Banking committee about the overall state of the financial industry, including the effect of coronavirus made bills passed by congress, and the Federal Reserves Small Business loan program. Please click the mute button. Remind senators that the fiveminute clap still applies. I expect most senators will participate today so we really need to stick to that fiveminute timeframe because we have a vote coming up at noon so i will be tapping the gavel to remind you to wrap it up and to the witnesses i ask you, even though you are asked a question at the end of the five minutes, please Pay Attention to the clock and make those answers after the time has run out prompt and efficient. Seconds i will do a tap on the gavel. The speaking order process, senator brown and i have agreed to go by seniority for this first hybrid hearing. With that, let me start out. Our federale all of predental regulators, the Federal Reserve vice chairman of supervision randal quarles,the co
Corporation chair martin apologized and said he took full responsibility for deepseated Workplace Culture issues at the fbi see during fdic. This is about 90 minutes. The committee will come to order. The hearing today is entitled oversight of credential regularities. One additional comment for members about the schedule. This hearing has a hard stop at 2 00 p. M. So we will not go past 2 00 p. M. So now, i will recognize myself for four minutes to give an Opening Statement. There is plenty to discuss. You are first up. And we all know why. You have filled your employees. Your agency and the american people. The fact that you have not yet resigned proves you take no responsibility for your actions and the words you have used so far make it clear you take no spots abilities for your actions. Showing up today is not an act of courage, its an act of hubris. Hubris. Last week, we were confronted with a report. This includes your verbally abusive behavior. This is beyond partisanship. It is
The hearing is two hours and 20 minutes. Chair Wyden Finance Committee will come to order. Today the Committee Meets to discuss tax Filing Season, which closed yesterday. I think thank commissioner werfel for being here at a busy time for everybody in the agency. There are lots of issues to discuss, and one that certainly is important to the American People is direct file. Anyone who denies that the direct file was a huge success, my guess is just living in another universe. It is open to a fairly small percentage of taxpayers, but the reviews it got from its initial users were overwhelmingly positive. It seems like a whole lot of people were very stunned that a federal agency, particularly one as frequently vilified as the irs, was able to build a helpful website that works. Tens of thousands of taxpayers who use direct file this year collectively save millions on fees that they wouldve paid to one of the tax software giants. Website is userfriendly. It is quick and easy to use and di
[background noises] clicks the committee will come to order without objection shares authorized to declare recess for the committee any time. The hearing todays entitled oversight of regulators. Without objection all members of five legislative days in which to submit extraneous materials to the chair for inclusion in the record. Just one additional comment members about the schedule. This has a hard stop at 2 00 p. M. And accommodation of the three regulars before us. We will not go past 2 00 p. M. Arachnids must sell for four minutes to give an Opening Statement we here to conduct oversight regulators there is plenty to discuss put forward a proposal that require robust debate and explanation. You are first up. We all know why you failed your employees your agency the fact have not yet resigned approves no responsibility for your actions showing up today is not an act of courage is an act of hubris. You are confronted with a report outlining appalling and abhorrent behavior at the fe