Financial Services Subcommittee hearing on creating a federal pandemic Risk Insurance program. Even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves, and to admit themselves after they are finished speaking. Consistent with the regulation accompanying house rest 965, staff will only mute members and witnesses as appropriate. When not recognized to avoid any background noise. Members are reminded that all house rules relating to order and the corn to this remote hearing. History is entitled insuring against a pandemic, challenges and solutions for policyholders and insurers. And i now recognize myself for three minutes to give an opening statement. According to the Congressional Research service, 110 Million People worldwide could enter a state of extreme poverty due to the Global Economic contraction, and here in the United States 657 Million People have filed for Unemployment Insurance since march of this
Required by the regulation accompanying House Resolution 965 which establish the framework over the proceedings. First, i would ask all members on the webex platform to keep them so the muted when they [inaudible] this will minimize disturbances while members asking questions of our witnesses. Members on webex platform are responsible for muting and unmuting themselves. I suppose you just heard that. The staff is been instructed not to meet members except when a member is not being recognized and there is inadvertent background noise. Members on webex platform are reminded that they may only attend one remote viewing at a time. So if youre participating today, please remain with us during the hearing. Members should try to avoid coming in at out of the meeting particularly during the question treatment. If members wish to recognize the chair recommends members identify themselves. I would also ask members to be patient as the chair proceeds given the nature of the Online Platform of th
Committee will come to order. Let me think our witness for your patience. We are now ready to proceed under the five minute rule and i will give myself five minutes to begin the question phase of the hearing. Over the last year, has taken a number of actions to reduce the ability of fha borrowers to utilize down payment assistance programs from governments and cities. To purchase a home and has indicated that it intends to issue a proposed rule affecting down payment assistance in january. Secretary carson testified before this committee in june that he was not familiar with the hud data that identifies which Government Entity is providing down payment assistance and it appears that hud cannot determine which Government Programs are providing down payment assistance for any fha loan. Which is critical before attempting to issue new regulations of government down payment assistance programs. Will you commit to not moving forward any rulemaking or other Administrative Changes related to
[inaudible conversations] c good morning. The hearing on agriculture in the state of the Rural Committee will come to order. Bow our heads please. Dear heavenly father we come before you increase to first of all say thank you. We thank you for so Many Blessings as you bestow upon us, many of which we dont even know on this occasion we ask a special blessing on our agriculture industry and that your blessings, upon her new secretary of agriculture, sonny perdue. Dear heavenly father, finally we thank you for your holy spirit. For oftentimes we know not what we should pray for but your holy spirit intercedes for us. We thank you for that and we ask your holy spirit to be in this room today. These and other blessings we ask for your son christ jesus, amen. David thank you. Mr. Secretary welcome. You and i have had several conversations before this party but let me officially congratulate you on becoming our nations 31st secretary of agriculture. We are excited about working with you and c
[inaudible conversations] c good morning. The hearing on agriculture in the state of the Rural Committee will come to order. Bow our heads please. Dear heavenly father we come before you increase to first of all say thank you. We thank you for so Many Blessings as you bestow upon us, many of which we dont even know on this occasion we ask a special blessing on our agriculture industry and that your blessings, upon her new secretary of agriculture, sonny perdue. Dear heavenly father, finally we thank you for your holy spirit. For oftentimes we know not what we should pray for but your holy spirit intercedes for us. We thank you for that and we ask your holy spirit to be in this room today. These and other blessings we ask for your son christ jesus, amen. David thank you. Mr. Secretary welcome. You and i have had several conversations before this party but let me officially congratulate you on becoming our nations 31st secretary of agriculture. We are excited about working with you and c