The chair is authorized to declare a recess at any t time i now recognize myself for an Opening Statement. Good morning todays hearing will focus on the f35 joint Strike Fighter a highly technical Stealth Fighter that is the pentagons largest and most costly acquisition programs in cf 35 Program Began more than 20 years ago the department of defense more than 350 billion onts Development Total cost to sustain the program is estimated at more than 1 trillion. Unfortunately this program is plagued by challenges including major problems with maintenance of the aircraft. This hearing will address the many, time and manpower the military is forceded to spend for spare parts from Lockheed Martin. Juneck 2019 the dod Inspector General found over a threeyear period more than 15000 spare parts for the f35 lacked dialogue that maintains Important Information of the spare parts. 2020 Committee Staff from the majority and minority visited multiple military bases and interviewed personnel who maint
I am pleased that it is one we can work in a bipartisan manner. I believe we all want a Strong Military and a strong private sector and a strong government that is wisely tracking taxpayers money and spending it efficiently for the purposes that it was meant for. I look forward to working with the Ranking Member in the future and i am so pleased he is with us here today. Without objection the chair is authorized to declare a recess of the committee at any time and i now recognize myself for an Opening Statement. Good morning. Todays hearing will focus on the f35 joint strike fighter. A highly technical stuff fighter that the pentagon largest and most costly acquisition program. Since the 35 Program Began more than 20 years ago the department of defense has spent more than 350 billion on its development. Total cost to sustain the program are estimated at more than 1 trillion. Unfortunately, this expensive program has been plagued by challenges for years, including major problems with ma
Operator this question is now in question and answer mode. To alert the speaker, you have a question, press zero. Each question will be heard in the way it was received. This is Public Comment for minutes on june 30th. So if you wish to address the board on the minutes, dial 10 now. There are no callers. Chair Public Comment is closed. Motion to approve. Chair is there a second . Second. Chair secretary boomer, can you please call the role. role call . Five communications, madam chair. Item 13 regarding the caltrian sales tax has been removed at the request of staff and proposing amendments to the board of directors and we will schedule a special meeting for members of the public to hear our item and for us to act. If you wish to address the directors today on this topic, you can do so under general Public Comment on items not on the agenda. Again, so the caltrain sales tax measure will not be heard at the end of the agenda but will be heard in a special meeting which we will announce
Commission has decided to order ourselves alphabetically. With that welcome to this virtual hearing convened by the Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As part of our oversight work, the commission has decided to hold this hearing today which will exam examine the main Street Lending facilities. The Federal Reserve established the main Street Programs to support small and immediate you yumsized business answer Nonprofit Organization that is were in found sentence condition before the onset of the covid19 pandemic. The program operates through five facilities which we will learn more about this morning. The programs being administered by the Federal Reserve bank of boston todays hearing will have two panels. President eric rosengry. N, Federal Reserve bank of boston will testify during the first panel. Second panel will i
It is slow today. No problem. Operator this question is now in question and answer mode. To alert the speaker, you have a question, press zero. Each question will be heard in the way it was received. This is Public Comment for minutes on june 30th. So if you wish to address the board on the minutes, dial 10 now. There are no callers. Chair Public Comment is closed. Motion to approve. Chair is there a second . Second. Chair secretary boomer, can you please call the role. role call . Five communications, madam chair. Item 13 regarding the caltrian sales tax has been removed at the request of staff and proposing amendments to the board of directors and we will schedule a special meeting for members of the public to hear our item and for us to act. If you wish to address the directors today on this topic, you can do so under general Public Comment on items not on the agenda. Again, so the caltrain sales tax measure will not be heard at the end of the agenda but will be heard in a special m