[gavel] this meeting will come to order. Will come to order. Today we will receive testimony from david marcus head of libra at facebook. On may 9 senator brown and i sent a letter shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of information on individuals or group of individuals for credit or insurance or housing i appreciate facebooks response last week. Shortly after the letter was sent facebook formally announced its intention to launch the Payment System libra and issued a white paper providing information on the project. Since then us and Global Regulators have taken notice including the Federal Reserve, reserve, Uk Financial Conduct Authority and a stability board, g7 and others for the last week during the Fede
And ceo of the association of american railroads. Jim cb, commissioner of the southwest chief and Front Range Passenger Rail commission, and jennifer homendy, Member National Transportation Safety board. I continue to be a strong supporter of our real industry both freight and passenger. Rail service is safe and efficient. It also reduces congestion on our highways and spurs economic growth. In mississippi, for example, we have 26 Freight Railroads, 2,400 miles of track, five of the seven class ones, two longdistance amtrak routes, 10 stations, and more than 100,000 annual riders. Rail is vital to mississippi. I have been a tireless advocate for the restoration of the gulf coast Passenger Service, which was suspended in 2005 after hurricane katrina. With funding support from dot, amtrak, and the states, i am pleased to report that mississippi, louisiana, and alabama are likely once again to have this amtrak route and that will give mississippi a third amtrak route. Restoration of this
Ah, Silicon Valley in california and from here, Companies Like apple and google have conquered the world. But their success has come at a price language to see the value from us up a. So you must be very wealthy. Well, i was living in los altos before came, you know, this very exclusive area to live in. David is a tradesman, the rise of Tech Companies has made it impossible to pay rent living for 3 years. But hes been living in a vanity right next to close campus. Partially the group. I was living in the house. It was a 2 bedroom house, was paying about 2400. 00 a month. That was june. Okay. Well the guy realizing get 5000. 00 a month for this place, right. So he tells me you got to go and the lease is up. Im going to remodel. And so people like me like ive been here, my wife. I got no where to go. Silicon valley and San Francisco belong to the bay area. As of 2021, there were around 35000 Homeless People here alongside the highest density of billionaires in the world. And the pandemic
Ah, Silicon Valley in california and from here, Companies Like apple and google have conquered the world. But their success has come at a price language to see the value from us up a. So you must be very wealthy. Well, i was living in los altos before came, you know, this very exclusive area to live in. David is a tradesman, the rise of Tech Companies has made it impossible to pay rent living for 3 years. But hes been living in a vanity right next to close campus. Partially the group. I was living in the house. It was a 2 bedroom house, was paying about 2400. 00 a month. That was june. Okay. Well the guy realizing get 5000. 00 a month for this place, right. So he tells me you got to go and the lease is up. Im going to remodel. And so people like me like ive been here, my wife. I got no where to go. Silicon valley and San Francisco belong to the bay area. As of 2021, there were around 35000 Homeless People here alongside the highest density of billionaires in the world. And the pandemic
Ah, Silicon Valley in california and from here, Companies Like apple and google have conquered the world. But their success has come at a price language to see the value from us up a. So you must be very wealthy. Well, i was living in los altos before came, you know, this very exclusive area to live in. David is a tradesman, the rise of Tech Companies has made it impossible to pay rent living for 3 years. But hes been living in a vanity right next to close campus. Partially the group. I was living in the house. It was a 2 bedroom house, was paying about 2400. 00 a month. That was june. Okay. Well the guy realizing get 5000. 00 a month for this place, right. So he tells me you got to go and the lease is up. Im going to remodel. And so people like me like ive been here, my wife. I got no where to go. Silicon valley and San Francisco belong to the bay area. As of 2021, there were around 35000 Homeless People here alongside the highest density of billionaires in the world. And the pandemic