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Word for word. From the Nations Capital to wherever you are, because the opinion that matters the most is your own. This is what democracy looks like. Cspan, powered by cable. Next, look at ways to regulate the commercial space industry testimony by federal officials from nasa, the faa, and the Defense Department. They will discuss the technological risks and safety challenges with commercial spaceflight, National Security, and global competition. Arizona senator, Kyrsten Sinema, chairs this subcommittee hearing. The subcommittee is now in order. Welcome everyone to a hearing on the u. S. Sena...

Competition. Ariza senator Kyrsten Sinema chairs the senate commerce, science, and transportation subcommieeearing. [inaudible conversations] [inaudible conversations] the subcommittee is now in der. Welcome everyone to a hearing on the u. S. Senate space and science subcommittee. Thank you to each of our witnesses for the participation today. Thanks to her subcommittee rankg member smith for worng with me on these issues and future capital and Ranking Member cz for their collaboratio a thriving commercial space instry is eentialor continued American Leadership o space innovation which in turn...

Putting together the session. A great deal of interest to ge capital capital, and i think to any issuer who makes regular use of the bond markets. The whole question of liquidity and if it doesnt function as it should means the bond markets do not function efficiently. Representing issuers or the viewpoint, which is what im most familiar with, to the extent that the bond markets cease to be effective, more important, a source of capitol, which can be flexible in its form, and allows issuers like ge capitol to hedge its Balance Sheet risk. The reason i say that is concerns about liquidity, havi...

Cyber espionage. The hack of opm is the latest example. Do the chinese steal our Naval Technology and apply it to their navy, and as a corollary to that, are you aware of any evidence concerning china stealing u. S. Civil Nuclear Technology and diverting it to its nuclear navy . Sir, im not personally aware of any instances of another nation stealing our Nuclear Technology and applying to their navy, including china. That may be happening, im not briefed on any intelligence that would implicate that. I think its wellunderstood that there is Cyber Espionage that occurs. We have concerns from ti...

Its going to predict how it would react under a stress event. And so was the key one of the key issues is what how are investors anticipating this . Is this part of their Investment Strategy . And do prices reflect it, and do practice Risk Management practices reflect that . I think that there are two issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a l...