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Historians. Lets give him a big hand. [ applause ] id also like to recognize and thank three extraordinary Trustees Board chair, pam shafler and rick reese and susan danalo with us tonight. Give them a big hand as well. [ applause ] and we also want to thank our Chairmans Council and Frederick Douglas Council Members who are with us tonight for all their great work and support. One more hand. Thank you. So the program tonight will last an hour and include a question and answer session and q and a is conducted via note cards. You should have received a note card and pencil. If not the staff are...

It provided numerous recommendations, insights into the councils key activities and identified potentially merging threats to Financial Stability. One of the rejss urged congress to reform the Housing Finance system and boost the role of private capital in morning finance. Ive repeatedly stated that the status quo is not a viable option and reforming the Housing Finance system is one of my key priorities. Testifying before the Banking Committee last year, secretary mnuchin reaffirmed his commitment to work with us to find a solution and stressed the importance of finding a balance between ensu...

Order. Today treasury secretary Steven Mnuchin will testify on 2017 annual report and the operations and actions. Identified potentially threats. One of the recommendations urged congress to reform Housing Finance system and boost role of private capital. I have repeatedly stated that the status quo is not a viable option and reforming is one of my key priorities. Four years ago a Bipartisan Group of senators passed Housing Finance reform bill in this committee. We have an opportunity now to build on that effort and create a broader coalition of republicans and democrats to pass a bill into la...

Treasury collaboration with congress is vital to the admission and we are working to make it that way. I look forward to answering your questions. Thank you, appreciate your comments at the Regulatory Reform and protection act and appreciate your encouragement that would move quickly. I appreciate your comments on Housing Finance reform, my highest priority in many. In the annual report last year, one recommendation was the regulators and Market Participants continue to take steps to encourage private capital to play a larger role in the Housing Finance system. I agree with that goal. Can you ...

[inaudible conversations] let me try to call this full house to order, if i may. Welcome to brookings. My name is bill galston, senior fellow here in governance stud ies. Thanks so much for coming and welcome also to the people who are watching this event live on cspan. Todays topic is the past and the publication of ira shapiros second book on the senate, this one entitled broken, can the senate save itself and the country. Those of you who read his first book on the senate will know how passionately he reveres the senate as an an answers institution and will not know howdy how distress as de...