Proposed fiscal year 2018 budget. Members asked questions about the proposed cuts of the budget as well as to where to store the ations Nuclear Waste. The committee will come to order. I apologize for the delayed start. But hopefully we will have an opportunity to hear from the of the and learn president s views for the department of energy. Secretary perry, i want to welcome you to your first hearing following your bipartisan confirmation here in the senate. It took us a little bit longer, we are grad to have you at the helm and getting a full complement of folks there at the department. The budget request for the department of energy takes a different approach. The president has made a concerted effort to increase funding for the National Nuclear facility. This is a portion of the department that falls outside the scope of our committee here. The administration has requested robust funding for the cleanup of Nuclear Waste left behind by our countrys cold war legacy. The budget reques
Do not do that again, mr. Shanahan, or i will not take your name up for a vote before this committee. Cspan programs are available at cspan. Org, right on our home page or by searching the video library. And now Energy Secretary rick perry on President Trumps proposed 2018 budget for the Energy Department from the Senate Energy and Natural Resources committee. This is about an hour 40 minutes. Good morning everyone. The committee will come to order. I apologize for the delayed start, but hopefully we will have an opportunity to hear from the secretary and learn of the president s views for the department of energy. Secretary perry, i want to welcome you to your first hearing following your bipartisan confirmation here in the senate. While it took us a little bit longer than wed hoped to get you in this role, were glad to have you at the helm. We look forward to helping you get a full compliment of folks there at the department as well. The budget request for the department of energy ta
Good morning everyone. The committee will come to order. I apologize for the delayed start, but hopefully we will have an opportunity to hear from the secretary and learn of the president s views for the department of energy. Secretary perry, i want to welcome you to your first hearing following your bipartisan confirmation here in the senate. While it took us a little bit longer than wed hoped to get you in this role, were glad to have you at the helm. We look forward to helping you get a full compliment of folks there at the department as well. The budget request for the department of energy takes a different approach this year than weve seen in the recent past. The president has made a concerted effort to increase funding for the National Nuclear Security Administration to focus on our Nuclear Weapons program. This is a portion of the department that falls outside the scope of our committee here. The administration has also requested robust funding for the cleanup of Nuclear Waste l
Welcome you to your first hearing following your bipartisan conservation in the senate. It took us a little bit longer than we had hoped to get you in this role and we are happy to have you at the helm. We look forward to getting you helping you get a full complement of folks at the department as well. The budget request for the department of energy takes a different approach than weve seen. The president has made a concerted effort to increase funding for the nuclear. This is a portion of the department that falls outside of our community here. The administration has requested robust cleaning of Nuclear Waste. To offset those funding increases the proposed deep cuts to research and development for energy and science. It proposes to phase out innovative programs that have had demonstrated success. I understand what drop the proposal, but i am concerned by certain parts of it. The United States is the worlds leader in science and energy. We like it that way, and we want to keep it that
But i do have some questions about how you suggest it would be implemented. First of all, it says it would be charged on a prospective basis. Your budget also says mortgages insured under that title under the previous fiscal year. Is this prospective or rhett owe active . Its prospective from when its enacted. But the fee will be assessed at one point in the year, at the end of the year. I dont think ive seen the text youre looking at. I believe thats whats been described. Its going to be on transactions Going Forward. Its not going to be going backward. It states the fee would be calculated based on mortgages that were insured under this title during the previous fiscal year. Thats right. If we started it tomorrow, the fee would be assessed after that one year. And its talking about going backward to capture everything after it was enacted. Also under your proposal it says small lenders i think would get hit with a pretty hefty fee because of the complexity of the formula. Will you ba