Expectations and standards are. To piggyback a quick question off of that. Seems and these seem like significant changes. What impact will it have on credit overlays . I hope that it will substantially reduce credit overlays and that lenders will start operating more inside the credit box that fannie and freddie have said they will purchase loans in or guaranteed loans in that space. And based on conversations that we have had with industry participants emma my hope is a positive hope. I do not know when you transfer from hope to an expectation. Some of them have assured me that if we can smooth out some of these uncertainties that exist in their space, it would translate into reduction and overlays and it would translate into more availability of credit to people who can afford to repay the loans. And that is what we are very much interested in having happened. Haveth me and the crown lot more questions we would like to ask we are past their limit. Have everyone join in thanking you want again for coming to join us today. [applause] everyone to remain in their seat while the director exit the auditorium, we will have the other panel set up while he is doing so. Thank you all so much. [captions Copyright National cable satellite corp. 2014] [captioning performed by na also be our guest on newsmakers, where he talks about priorities. Fha requires fannie and freddie to give all of their profits to the u. S. Treasury. Iss is something that creating a lot of unrest among company shareholders. Folks make the point that they cannot really be Healthy Companies if they can not recapitalize and have cautioned taxpayersetween them, and the prices. Is that a far fair arrangement you think shareholders are right . It is not my job to talk about whether it is fair or not. I have a responsibility to the taxpayers. My responsibility in the conservatorship is not to the shareholders, really. So, you know, i do not lay awake at night worrying about what is fair to the shareholders. My responsibility is to think about how can i do what is responsible for the taxpayers, those possibilities responsibilities include only what is safe and sound in the lending space, and maintaining an efficient Housing Market in the housing space. Walking that balance is sometimes difficult to walk, and that is a fulltime job, so i just do not have time to think about what might happen in the future with the shareholders. It is just not my responsibility. Wattctor mel tomorrow on cspan. From the New York Times news that san antonio mayor Julian Castro will take the place of Shaun Donovan who would move to manager of office and budget. Castro is 39 years old. He has been mentioned as a strong potential Vice President ial candidate. He received National Attention as the keynote speaker during the 2012 democratic convention, and his twin brother is congressman joaquin castro. You can read more at the times website. Can you remember who first influenced you to think about issues, government . My father and mother, and i was so impressed that i put it in a book called 17 traditions. It was conversation around the dinner table. There was no looking at tv, or listening to radio, or looking like this. We talked. They challenged us in a nice way and they asked us questions, needles us, and joked with us. The bottom line was freedom requires civil responsibility. You cannot just say i want freedom, because most people think they are free because theyre personally free. They can buy their own close, make their own friends, go wherever they want, you know, listen to whatever music, it eat whatever they want. That does not mean they are cynically free. That is what they emphasize civilly free. You have to engage in democracy. If you cannot use your rights, youre going to lose your rights. Ralph nader, sunday night at 8 00 p. M. On cspans q a. Next, the Senate Caucus on International Narcotics control looking at the issue of heroin and Prescription Drug abuse. They heard from Michael Botticelli and officials from the dea, the Substance Abuse and Mental Health service administration, and the National Institute on drug abuse. This is about two hours. [captions Copyright National cable satellite corp. 2014] [captioning performed by national captioning institute] our hearing will come to order, and i would like to introduce our established witnesses. Recently, the media has chronicled the issue of heroin abuse in the United States and more heroin being moved into the country. According to a 2012 national survey, 666,000 americans reported using heroine during the previous year. That number has steadily grown over the past several years. So, this begs the question, why andmore people using heroine this is the Senate Caucus on her onional Drug International drug control, but the reason to control it is to do those things that prevent opiate use, not to enable it, but one answer, according to the experts might be the countrys addiction and use of prescription pain medications, and here is why. A report released by the Substance Abuse and Mental HealthServices Administration indicates that individuals who use prescription pain relievers for nonmedical purposes were 19 times more likely to use heroin in the past year than those who had not. , that is amazing to me. Furthermore, four out of every five heroin abusers had abused them in the past. N relievers like hydra oxycodone affect the Central Nervous system in much the same way as heroin. The lesson here is that rather than thinking of two separate addictions, prescription pain medication and heroin, we should realize we are facing a much larger opiate addiction epidemic that includes both. The strategy to ballot battle these drugs should have three parts preventing drug abuse, treating addicts, and reducing the number of overdoses, but the first and most important strategy is to prevent drug abuse before it starts, and this means educating communities and youth about the dangers. Now, some communities already do this through the federal drugfree communities program. In california there is a program plasterasser use used, and that has contributed to a 50 reduction in Prescription Drug use among so these programs can work. Means recognizing that all stakeholders share a that prescription andtes are prescribed dispensed only for medical purposes. Statebased Prescription Drug withoring programs along electronic checks of databases pharmaciststors and identify drug abusers. Mandatory check, new york has seen a 75 decrease shopping and significant reductions in pain reliever prescriptions. So drug takeback programs can opiate abuseuce because they get unused outcription Pain Medicine of medicine cabinets where too obtain theadults drugs. So heroin must also be addressed. The d. E. A. Heroin signature determined that 90 of wholesale heroin seizures able to be traced from mexico or south america. D. E. A. s reports that the is expandingcartel its market eastward and producing and selling heroin that is more pure, in other words, going from the brown to heroin. E between 20082013, heroin seizures along the southwest fold fromreased four 2,296. Ograms to the second key strategy in this fight is success treatment, medication includes assisted therapies using drugs and im going to one. Trouble with this unfortunately, in 2012, 2. 5 Million People in our country were addicted to these opiates while 351,000 received these methadones to treat their addiction. That means the rest are not receiving treatment. Finally, the third strategy is deaths. Ss overdose in 2010, the latest year for available, the centers for Disease Control and reported more than 500 unintentional opiate deaths. Are steps that can be taken. There are drugs that immediately the overdoses and 18 states, including california to improveactions access to these drugs. So i think we need to find a way make these drugs more readily properly train individuals, including First Responders. Think we have an interesting hearing. Out, if you point look at those charts you see the opiate sales, deaths, between 2009 and 2010. I lost the copy heres the chart. The green is treatment admissions. Deaths. Are the blue are sales. As you can see they are all in this country. I think that is a good chart discusses what were about. Thatther quick point heroin abuse increases as access prescription painkillers decrease. Me. s a brandnew thing for that is what this other chart shows. Would hope some of you in your testimony would remark on this. Like to recognize the distinguished vice chairman. You certainly can. To i would like to defer senator mcconnell and thank him for his interest in this issue. I thank you as well, sir. Thank you for the opportunity here today to testify on heroin abuse that is devastating, as senator feinstein indicated too many across america, in particular in my home state of kentucky. For your willingness to focus on this rolling threat. Would like to share with you a vibrant a wonderful, community that i have the pleasure of representing here in senate. It can be many places in america but it happens to be in Northern Kentucky. In Northern Kentucky area of suburban cincinnati there is a culture of arts and history. Of the Kentucky International airport and the blue grass state from the north. Counties,in the three canton, campbell, and boone, the refer to in Northern Kentucky live in a time of great opportunity. Living livingbenefit of in an area with more than two the liveeople with all ability and charm of a small town. Of then take advantage amenities like the cincinnati zoo, the aquarium and the speedway to name a few or they take in a cincinnatis reds bengalsa cincinnatis museum. Or an art on aland gives recreation beautiful day. All ofn kentucky offers is knownthis community beingng the epicenter of the epicenter in the nation. Many people believe the problem started because of the prescription pain pill abuse as out. Or feinstein pointed kentucky has the third highest Drug Overdose mortality rate in our country. On the street, these pain pills are expensive. They can cost between 60 100 to a bag of heroin at bag. Foughthe progress weve in kentucky it is no surprise uptake in heroin usage, once we understand the economics of it. Months ago, i discussed the relationship between painkiller abuse and heroin abuse with the reps and im going continue to work with them as we epidemic. Ght this i want to highlight for the drug facts aboutbut true the extent of heroin abuse in Northern Kentucky. To credit the Northern Kentucky chamber of data. Ce for the this comes from the chamber of a lawce and not Enforcement Agency demonstrates the threat is. Heroin, there were 61 Overdose Deaths in the three counties, referred to as Northern Kentucky. Fact, a number of overdose cases at the Regional Hospital increased by 75 in 2012. The number of heroin overdose cases by august of 2013 already doubled the number in all of 2012. Of acute hepatitis c infections are double the and 24 times the national rate. 24 times the national rate. Officialslth attribute the high infection rate to the regions high level use. Roin whats more, the Northern KentuckyHealth Department has deathed for every one there is one new case of apatitis c that incurs 64,500. E cost of babies are born with drug withdraw syndrome. Each case is heart breaking and not only costly but fiscally as hospital cost of 14,257. Is on the front lines of this battle to protect kentucky families. To the Northern Kentucky strike force, the number of court cases for heroin fromssion has increased 2008 to 2012 and is expected to 2013. Again in to put this in previous, the three counties of northern of myky contain 60 states heroin prosecutions in even though they are home to less on the 10 of the states population. Me add that it is fitting that youre holding this hearing during National Police week while thousands of police visit nations capital. Their them for risking lives and trying to combat the problem. Clearly, the troubling facts that i just related show serious,kentucky as a searces heroin abuse problem. It is a major problem not for a few but for the entire region. Be groundentucky may zero in my state, heroin abuse like cancer across the state. Yans aosing 100 kentucky month to drugrelated deaths. Is more lives lost than the fatal car crashes. March, i held a 90minute listening session to hear from the closest to the problem on how federal resources can be fixing it. In boone county, one of the three counties i referred to, heros in thist story, the medical professionals who save money, the business who raise money for awareness efforts, the take drugs off the streets and the recovered addicts themselves who find the despite theire addiction. I heard from Law Enforcement fields and the business and in particular, i want to point out one brave patrick who had been ensnared by heroin and saw friends use it and overdose. It took repeated attempts for addiction. K his he said in the listening section years, 10 months clean. I cant stress enough how to hear about this issue from thoughtful perspectives. Is why im pleased that you are holding this hearing today. Tak take a moment to hear the from thet i heard break away sessions. Leer that heroin abuse is tied to the Prescription Drug abuse. Second, while kentucky is making educationith greater and more greater prosecution and enhanced Regulatory Authority at the state level, we need a combination of treatment and incarceration to be part of the solution. Lastly, the heroin trade is no whyect or borders, which is multijurisdictional and multilaw efforts are so crucial. In this area of federal resources, we must use the interagency partnerships to the best extent to maximize our that we spend to combat the epidemic. The intrev director never fails partners there is nothing that we can accomplish credit. One gets the feinstein, let me return to the picture that i kentuckyf northern has heroine but abuse. The story is yet to be written. Today tohy im here share the threat of to my constituent and to pledge to work with all of the stakeholders to save kentucky from the growing threat. Of federalveraging resources and using best practices from Law Enforcement agencies as well as the Public Health communities, we can and will eliminate the shadow of this these ep dimmic in healthy and robust communities like Northern Kentucky. Much. Nk you so senator, you can make your statement. I think since you described the situation very well im start out with the middle of my statement and refer to something that you and i learned about the existence of a base by doctors from pharmaceuticals. Codeine. Et okcy one of the most prescription opiates. Allegedly contained doctorsion about prescribing in practices. Asy state medical boards well as the center for medicare and medicare did not know about this. To contacte them purdue about it. As a result, the information the in the hands of authorities who can take action against irresponsible doctors. Is purpose of this hearing to learn more about what sells being done to combat this epidemic. Role congress can make. Prevention efforts through public are the dangers ofout the opiates and other addictive drugs should be part of that solution. The mixed signals that the Obama Administration sends to young people about marijuana abuse is damaging. Of those looking to climb up to opportunity does not need another path way to addiction. President saide provides by failing to enforce and to reduce marijuana use is another bad habit. Who have been addicted is another solution as well. A drug has shown effectiveness ofcountering the effect overdoses and Law Enforcement will have a Critical Role to play. Course we cant arrest our way out of this crisis but we and must obtain the current Law Enforcement trolls to go those with heroin addictions. Reform bills that are now before congress does just opposite. The proposed smarter sentencing cutshat recently passed mandatory minimum sentences for manufacture and distribute heroin and do that by cutting them in half. Penalties for dealers, not users. Of an epidemic, my opinion, this makes no sense. Wrote thatsecutors the Current System of penalties of theirrnerstone ability to infill trail and dismantle organizations and make to get career criminals them off the street. I dont want to remove this cornerstone, at least at this particular time. I thank the witnesses for being to put mym going entire statement in the record. Veryease do and thank you much. Thank you very much. Like to thank you senator feinstein for Holding Important hearing and inviting me to participate. Was. Yesterday afternoon, i president clinton