[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from colorado is recognized for five minutes. The other coloradan. Thank you for repeating today. Thanks for your testimony today. I just want to lock one thing down where i i heard to make answers from your earlier. Ms. Maloney was kind of going through a list of regulators, and wanted to know if you would wait for their approval, and she went to a whole laundry list of them and your answer was, for the parts that apply yes, yes,e going to go and seek their approval. Her used the word seek their approval. Other times you said we will get their approval. So just from facebooks standpoint, are you willing to seek the approval or are you going to wait for the approval before anything is launched . Congressman, it is the latter. Thank you for the opportunity to clarify that. We are not going to launch anything until we get the approval. I also, if its okay, want to
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 action. As i have examined faceboo
Court of appeals judge for the ninth circuit. Confirmation vote is expected later today. The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will open the senate with prayer. The chaplain let us pray. Our father in heaven, how great you are today, lead our lawmakers in their work. May they be messengers of unity and hope. Make them productive servants who strive to honor you. Remind them to act with justice, love, mercy, and humility. May they speak words that bring life, as they seek to live with integrity. Sovereign lord, strengthen our senators to seize opportunities that bring peace, hope, and freedom. We pray in your great 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 madam president. The presiding offic
Counselor on the National World war two museum in 2020. He founded the history club on clubhouse, which he hosts regularly the club has more than a hundred thousand members and averages 2,500 participants per week. Jason has twice traveled overseas with the Us Department of state as part of diplomac diplomatic exchanges between the United States and the European Union meeting with government officials scholars and students to discuss the effects of the web and social media on public understandings of news history and information. He has spoken at events across the United States and europe and appears frequently in the media a native new yorker. He is a long surface suffering, new york jets fan. Im so sorry for you and our moderator todd. Is it tharinger . Yes. Thank you. Todd. Theirringer is the Vice President of the harvard club of washington dc and organizes weekly events that are open to everyone. So after after this event, maybe you ask him about that. He is also the executive dire
Counselor on the National World war two museum in 2020. He founded the history club on clubhouse, which he hosts regularly the club has more than a hundred thousand members and averages 2,500 participants per week. Jason has twice traveled overseas with the Us Department of state as part of diplomac diplomatic exchanges between the United States and the European Union meeting with government officials scholars and students to discuss the effects of the web and social media on public understandings of news history and information. He has spoken at events across the United States and europe and appears frequently in the media a native new yorker. He is a long surface suffering, new york jets fan. Im so sorry for you and our moderator todd. Is it tharinger . Yes. Thank you. Todd. Theirringer is the Vice President of the harvard club of washington dc and organizes weekly events that are open to everyone. So after after this event, maybe you ask him about that. He is also the executive dire