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C the committee will come to order. Without objection, the chairs authorized to declare a recess of the committee at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 p. M. Per the request of the secretary. I now recognize myself for four minutes to give an Opening Statement. So let me welcome back secretary mnuchen. Today we are here to discuss the Trump Administrations actions that have undermined and not promoted our nations Financial Stability....

Companies. Next, testimony from treasury secretary Steve Mnuchin on the u. S. Economy and Financial Stability. He also talks about digital currency, World Bank Lending and the potential impact of climate change. The tcommittee will come to order. Without objection the chair is authorized to declare recess of the commit at any time. This hearing is entitled promoting stability, reviewing the administrations deregulatory approach to Financial Stability. I want to inform all concerned that this meeting will end at 1 00 p. M. Per the request of the secretary. I now recognize myself for four minute...

Introduction to information graphics and visuals and the truthful art and his latest book, and he will be signing copies is called how charts lie. Also the tight northerly talk tonight. So welcome. Thank you. Thank you for being here tonight and thank you again to Northeastern University for having me. Believe this is the third time i make a presentation at this university so i almost feel like home. I would like to begin with a little housekeeping. The first thing is that i would like you to give an applause to the students who design this beautiful poster because this is not [applause] and t...

Coalition for clean air that led to the inclusion of a provision that would apply to zero emission vehicles where they would be charged at the one and a half rate for a period of five years. We did here at the last hearing that something who wanted to that, we want to point out that we want to adjust the tax right. And we could, if the board board wants to we could ask ben to the language in a simile built 1184 provided for that as well. I hope this meets with your approval and most importantly, with the voters approval come november. I am available to answer any questions and if it pleases th...

Second thing going on, which is we are taxing a mode of transportation that is shown to create congestion and using that money to fund modes of transportation that could reduce transportation. There is an economic benefit. Unfortunately, the first of phnom economic impact, with the data to analyse, and the second we dont. When i say, as we conclude in the report, that this is a mildly negative economic impact. That is a result of placing the tax on the consumers and spending the money at the city. It is a fairly small impact of 25 milliondollar reduction to the g. D. P. , which is less then th...