Has put in place knew rules for prime institutional funds that get rid of the fixed dollar value. They will have net asset values that will reduce run risk. That aside to allow firms to impose fees something that could create Financial Stability risk that we need to watch. The so called Triparty Repo market which is a major source of shortterm wholesale funding, that contained great risks. We have taken steps important steps to mitigate. Central counterparties a thrust of reform has been to try to move as many derivative contracts as possible into central counterparties to have them. By central counterparties something that serves to reduce risk and complexity and enhance Financial Stability but when these entities themselves become systemic and clearly need supervision something that you have mentioned in imf work is that we have a major growth of open ended mutual funds where you have funds that are investing in highly illiquid assets. The industries are promised immediate liquidity.
Culpable if not more culpable than the person who knows the facts. Youre going to send him up the river for 15 years. Again we believe is justice culpable . We think certainly its sufficient if the government can prove that the defendant knowingly distributed a drug believing it to be illegal to do so. Whether or not he knew what provision of law. Illegal because in fact its bad for animals and the law involved prevents veterinarians from using this kind of drug for animal treatment. Thats all he knows. Thats all he thinks. Now, hes guilty of this statute. That doesnt tend to show at all that knowledge that he knows its an analog. In your opinion, because he feels guilty, as perhaps he should, hes guilty of violating this law. Well, we do believe that would establish the necessary culpable state of mind. Gr can you give me any authority for that . Your example of willful blindness is an example of where in fact in respect to this law he knows there is a risk he is violating doing the c
Thank you. Do you think that a shift from the current verification process that emphasizes for cause verification would enhance the Program Integrity and secondly would it have a negative effect on access for eligible participants . No, i think theyre again senator, there is a way to do it without aversely impacting people that truly deserve it and what we found in our work is for cause, thats the review of questionable applications. Some School Districts were not doing any for cause verifications of questionable applications. So theres definitely potential there to do that more consistently across School Districts. I should add thats a usda requirement. School districts are required to conduct these type of reviews. Any time we see that type of inconsistency that gives us some concern. I would like to know more about the point of service when the child and the cafeteria worker do interact and determine how the meal will be paid. You have cited this in your statement as a step in which
Rule. All the Public Comment except one was against that. But i think what im hearing is you move forward with a little bit more of a heavy hand than what you would represent to us. And you say you want to be engaging the industry and you want to be collaborative, but what i the feedback im getting, those are your words but your actions are much more heavyhanded. That youve determined what you want as the outcome. Thereby, youre going to let people think theyre participating, but in the end youre the rule maker and youre going to get your way. So do you feel like that is a collaborative atmosphere in trying to work with the industry and how would you respond to those type of comments made about the way you all are approaching rule making . Is that for me . Yes, sir. Youre the chairman. And is that question specific to the 1110 rule or more general . It is specifically to 1110, but in general when it comes to dealing with industry. Sure. So ill address both. The 1110 rule is in indefini
Humming humbling ourselves and seeking your help. I want to thank you, first of all, for who you are, thank you for your goodness, your mercy, and grace in each of our lives and thank you for the blessings that you give to us every day. What i want to thank you for each and every representative and all they do to direct our great country. I pray today that would you have your hand of grace and guidance upon them. I pray god, that would you give them had the wisdom they need on a daily basis to fulfill the office that youve appointed them to. I also ask that you would guide and courage and protect them in their personal lives, as well as their families and loved ones. I love you, lord. Thats in the name of jesus christ, i play. Amen. The speaker the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1 the journal stands approved. For what purpose does the gentleman from michigan rise . Mr. Speaker, pu