Ruling in the heavens. Keep our lawmakers faithful to you, as you use them to accomplish your purposes. May they hear the groans of the poor, the cries of the helpless, and the moans of the oppressed. Help our senators to cause justice to roll down like waters and righteousness like a mighty stream. Give them the wisdom to find in you a refuge in turbulent times, remembering that you will never abandon those who seek you. Grant them the greatness of being on your side doing your will on earth, even as it is done in heaven. We pray in your merciful name. Amen. The president pro tempore please join me in reciting the pledge of allegiance to our flag. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Mcconnell mr. President . The presiding officer the majority leader. Mr. Mcconnell i ask the chair lay before the senate a message from the house of representatives
Closure is at 10 but the lane closure have been under way since 8 00 oclock lacking down richardson here as if you were coming off the Golden Gate Bridge and heading that the marina in San Francisco so the lane closure are just beyond the curve there. Thats where they are starting to kind of funnel and narrow people. There is still traffic coming this direction and as you turn around and we face doyle drive you can see the cars are still come off of doyle drive. So you have got another hour but some of the invest vest invest we heard earlier from the project manager is do not wait until the last minute. So doyle drive the approach to the Golden Gate Bridge rae vam because its brought up to earthquake code. Right now if you travel this area you know both north and south bun drivers are sharing the one tunnel but as of mopped morning when the work is done each direction will have its own tunnel in fact one of the first things crews do is removing the movable barrier. Because they wont ne
Cyber espionage. The hack of opm is the latest example. Do the chinese steal our Naval Technology and apply it to their navy, and as a corollary to that, are you aware of any evidence concerning china stealing u. S. Civil Nuclear Technology and diverting it to its nuclear navy . Sir, im not personally aware of any instances of another nation stealing our Nuclear Technology and applying to their navy, including china. That may be happening, im not briefed on any intelligence that would implicate that. I think its wellunderstood that there is Cyber Espionage that occurs. We have concerns from time to time about our cleared defense contractors for example in their Cyber Security. I think Frank Kendall and at l is working hard to tighten that up as best we k. I was reflecting on this earlier we talk about Nuclear Matters. As a sort of graduate of the Navy Nuclear Propulsion program. One of the things that has intrigue said me intrigued me over the years, the element of Human Performance th
Its going to predict how it would react under a stress event. And so was the key one of the key issues is what how are investors anticipating this . Is this part of their Investment Strategy . And do prices reflect it, and do practice Risk Management practices reflect that . I think that there are two issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a little harder to buy bounds. No question about it, and sell them as well. But what will happen afterwards, the banks will sell their operations to hedge funds to other companies, to the employees themselves and theyll get reorganized to find the capital and make money, because there are opportunities to make money when people demand liquidity, by the way, theres no such thing anywhere of free liqui
Wouldnt a level Playing Field as you said from your testimony, we have concerns about things like there is a some Data Retention obligations and we think you could do it differently. There is a best interest contract framework and weve heard feedback from folks saying it is clunky and there is a more streamlined way to do it. We have a point of sale disclosure requirement and people have said that that is not necessary. And so what weve done in every circumstance when someone said that the best interest contract is clunky, our response is tell us how to do it better. How do we retain that north star of enforceable best interest contract and still get it done and that is the feedback weve been getting and it has been helpful. And youve incorporated it. We havent made final decisions yesterday. We wont put out a rule until weve gotten all of the comments. Im confident if history is a guide the final rule will be materially different than and better than the proposal because you have to b