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Used in the global trade and crossborder payments and gives u. S. Authority to attach with immense exaibts to impose and isolate regimes that are against international values. We saw how u. S. Dollars and can be leveraginged to respond to bad behavior. As russia invaded ukraine, United States countered putins attack by limiting to restrich banks. As a result, the russian economy began to erode and they were International Pa ria as. And the they can tighten the screws that violate longstanding norms. But the strength and privileges are far from uncontested. Allies and adversaries are taking to ...

The subcommittee will come to order. Without objection, the chair is thoshzed to declare a recess of the subcommittee at any time and members of the full committee not on this subcommittee is authorized to participate. I would like to welcome our witnesses. We will be doing a hybrid hearing and members will be physically present and will be on the screen. So we beg your indulgence for any technical issues, but we anticipate a good dialogue. This is under the radar and the National Security. And i recognize myself for four minutes to give an opening statement. Payment statements are the life bl...

The subcommittee will come to order. Without objection, the chair is thoshzed to declare a recess of the subcommittee at any time and members of the full committee not on this subcommittee is authorized to participate. I would like to welcome our witnesses. We will be doing a hybrid hearing and members will be physically present and will be on the screen. So we beg your indulgence for any technical issues, but we anticipate a good dialogue. This is under the radar and the National Security. And i recognize myself for four minutes to give an opening statement. Payment statements are the life bl...

And china. This is an hour and a half. The subcommittee will come to order. Without objection, the chair is thoshzed to declare a recess of the subcommittee at any time and members of the full committee not on this subcommittee is authorized to participate. I would like to welcome our witnesses. We will be doing a hybrid hearing and members will be physically present and will be on the screen. So we beg your indulgence for any technical issues, but we anticipate a good dialogue. This is under the radar and the National Security. And i recognize myself for four minutes to give an opening statem...

Potential National Security concerns when using alternative Payment System such as russia and china. This is an hour and a half. The subcommittee will come to order. Without objection, the chair is thoshzed to declare a recess of the subcommittee at any time and members of the full committee not on this subcommittee is authorized to participate. I would like to welcome our witnesses. We will be doing a hybrid hearing and members will be physically present and will be on the screen. So we beg your indulgence for any technical issues, but we anticipate a good dialogue. This is under the radar an...