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Order. Without objection, share off the rise to the clearer recess at anytime. This hearing is entirely on youll test when it secretary the treasury of the state of the International Financial system. Without objection, all members of five minutes within which to submit extraneous into aerials to the chair for inclusion in the record. I will note of the outset of this hearing we have a hard stop as a crew to see the secretary at one pm this afternoon. We will strictly observe it. Now i recognize myself for four minutes to get an opening statement. Welcome, secretary yellen. I appreciate you be...

Order. Without objection, share off the rise to the clearer recess at anytime. This hearing is entirely on youll test when it secretary the treasury of the state of the International Financial system. Without objection, all members of five minutes within which to submit extraneous into aerials to the chair for inclusion in the record. I will note of the outset of this hearing we have a hard stop as a crew to see the secretary at one pm this afternoon. We will strictly observe it. Now i recognize myself for four minutes to get an opening statement. Welcome, secretary yellen. I appreciate you be...

To ai. Thank you, secretary, for joining us. We know this is an extremely busy period here for you, and we are really honored to have you. We are here to talk about mdis in the wake of Silicon Valley bank and mdis and investments of interest, to say the least, for the biden administration. Maybe just for context, can you give us a hint of the range of programs up to this point that have focused on mdis at the Treasury Department, just to sort of set the stage . I think we are losing your we have it now. Wally it is good to be with you. Let me start by saying thanks to chris and nicole for your...

and it is now considering an executive order to curb us investment in sensitive areas. but ms yellen told her chinese counterparts that any such measures will be highly targeted. i emphasise that it would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns. i want to allay their fears that we would do something that would have broad—based impacts on the chinese economy. that's not the case. that's not the intention. and i think this is an example of what i said about how to address national security concerns. senior ma...

designed to restrict china's ability to buy high—tech microchips and it is now considering an executive order to curb us investment in sensitive areas. but ms yellen told her chinese counterparts that any such measures will be highly targeted. i that any such measures will be highly targeted.— highly targeted. i emphasise that it would _ highly targeted. i emphasise that it would be _ highly targeted. i emphasise that it would be highly - that it would be highly targeted and clearly directed narrowly at a few sectors where we have specific national security concerns. i want to al...