But do not remember to get themselves the host will do so to limit backward onto the member so it isnt responsible for unmuting themselves anytime the wish to be heard. It may take a few seconds for your microphone to unmute so please keep that in mind when speaking. I timekeeper will wonder at the time hearing. If youre on the computer you can view the timer by switching her a personal view in the upper right corner of your screen to act active speaker and thumbnail view. You can also rightclick or bring your cursor over the time and pressing the thumbtack icon. With that we ready to begin. Chairman, please count come dom fights of the system displays your video, then please pause for five additional seconds while the recording begins and then start the preceding. Five, four, three, two, one. This joint subcommittee hearing with the House Foreign Affairs subcommittee on asia, the pacific and on proliferation of the House Armed Services subcommittee on intelligence and emerging threats
Any time. Members are reminded to keep their video function on at all times. Members are reminded that theyre responsible for muting and unmuting themselves and to mute themselves after they are finished speaking. Consistent with the regulations accompanying the resolution, staff will mute members when not recognized to avoid inadvertent background noise. All house rules relating to order and decorum apply to this remote hearing. [ inaudible ] economy and i know recognize myself for four minutes to give an opening statement. Chair powell, the law that required the Federal Reserve chair to testify before congress twice each year was established back in 1978. However, no fed chair has ever testified before this committee with the economy in the condition that it is in today. More than 116,000 americans are dead from the coronavirus. And just last week, 21 states recorded an increase in their average daily new cases compared to the prior week. The april jobs report was the worst in Americ
Waters the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 per the request of the p. M. Secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchin. Today, we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability. As i have said many times before, i am very concerned about this administrations actions to eliminate important protections for consumers, investors and our economy. It appears that our banking regulators are following the deregulatory blueprint that the Treasury Department, under secretary mnuchins leadership, has mapped out point by point and rolling back many of the Critical Reforms demo
The committee will come to order. Without objection the chair is authorized today declare a recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, mark zuckerberg. Facebooks plans to create a digital currency, libra, and a digital wallet raise many concerns relating to privacy, trading risk, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy, and the stability of the Global Financial system. I and other democrats have called for a moratorium on facebooks development of this digital currency, libra, and digital wallet until congress can examine the issues associated with a Big Tech Company developing these Digital Products and take
The groups cochairs testified on the findings of the report and how they could be applied to the Current Situation with syria and turkey. This hearing will come to order and we welcome everyone. The subcommittee testimony on the findings and recommendations in the study groups final report. Given the timing of the hearing we will have the opportunity to discuss the ramifications of the policy changes in syria and a study Group Recommendations to still address the challenges that are. For the purpose of an opening statement. Thank you very much for testifying today and for your work and the final report of the study group. Your report as a thoughtful review of the conflict and provides pragmatic recommendations for how policymakers can protect u. S. Interests and destabilize syria. Now it is well known President Trump does not like to read but i wish that he had skimmed over the executive summary before the recent phone call with the turkish president. Your assessment notes do not elimi