If there is a change in administration after november 3 . Brendan thank you so much, peter, for having us on. There are five of us. We serve staggered terms. Every year, one member of the commission is up for renomination confirmation by the senate. And that process continues irrespective of the outcome of the election. For instance, my term runs through 2023. And i can hold over for a longer period of time and i will continue to serve regardless of the outcome of the election. Rep. Lee peter and with Michael Orielly not being renominated by the president , if there were a change in the administration, you and sherman pie would be the two chairman pie would be the two republicans, correct . Brendan thats right. Michael orielly has served for a long time. His term expired a year and a half ago. Were allowed to stay on until the end of this congress. When were in this situation, that will push his term will come to an end. Commissioner pye and myself will continue to serve. Peter now to
Shaheens life in studio in washington, d. C. Before we start with the questions, get lets get a look at the candidates back on. From approving covid19 relief to Supreme Court nominees, the senate plays a Critical Role in areing american lives, but New Hampshires interest represented by a spirit or a fresh voice in politics . We have to use more commonsense. The Voters Decide whether they want to keep you or throw you out. Jeanne shaheen was the first woman to be elected a governor and the u. S. Senator. Corky messner is a firsttime candidate with a career in the law. Their personal routes and records in New Hampshire have been a key issue in this race. We just moved here that he just moved here two years ago to run for the senate. She has been there far too long. Have clashed on everything from healthcare to finance reform, and the winner could play a key role in developing a post pandemic america. Allare use nine evaluated legally qualified candidates and selected those considered mos
Experiencing unprecedented declines in activity. Although the remains considerable uncertainty about the economy, we know that the Banking System has served as a source of strength throughout this period. They have supported their customers and committees by pppinating 500 million in loans. The Banking Systems ability to support the economy reflects the Industries Strong capital and liquidity position. In the Second Quarter of 2020, Equity Capital increased to more than 2. 1 trillion, which 13. 4 . Ted to highervels were slightly than the quarter preceding the pandemic. Taken meaningful action to provide banks while maintaining safety and soundness. I will provide an update in five areas in which we have made significant progress. Supporting communities in need, encouraging outstanding loan making. I would like to briefly touch on each of those, starting with our response to the Economic Risks related to covid19. We undertook a series of actions that helped maintain stability in financ
For having the on. Theres five of us that are commissioners of the fcc. We serve staggered terms of every year one member of the commission is up for renomination and confirmation by the senate and the process continues a respective of the outcome of the election. For instance, my term runs through 2023 and i can hold over for a longer time potentially and im going to continue to serve regardless of the outcome of the election. Host and with Michael Orielly not being we nominated by the president , if there were a change in administration, you and commissioner pai would be the republican, correct . Guest yes. Michael orielly has her longtime both on capitol hill and at the fcc and his term expired a year and half ago and we are allowed to stay on until the end of this congress when were in that situation whether it is any one of us commissioners. Commissioner of violence term come to an end and commissioner pai, chairman pai and myself can continue to serve. Host now to the policies. I
Small Business Committee meet for a hearing on preventing fraud and abuse in the Paycheck Protection Program. Before we begin id like to take this opportunity to note some important requirements. Let me begin by saying that standing house and Committee Rules and practice will continue to apply during hybrid proceedings. All members are reminded that theyre expected to adhere to these standing rules including decorum. During the covered period designated by the speaker the committee will operate in accordance with House Resolution 965 and the subsequent guidance from the rules committee in a manner that respects the rights of all members to participate. Please keep your cameras on. Also please remember to remain muted until you are recognized to minimize background noise. If you must participate in another proceeding, please exit this one and log back in later. In the event a member encounters technical issues that prevent from being recognized for their question i will move to the next