Officials tell the Senate Banking committee about the overall state of the financial industry, including the effect of coronavirus made bills passed by congress, and the Federal Reserves Small Business loan program. Please click the mute button. Remind senators that the fiveminute clap still applies. I expect most senators will participate today so we really need to stick to that fiveminute timeframe because we have a vote coming up at noon so i will be tapping the gavel to remind you to wrap it up and to the witnesses i ask you, even though you are asked a question at the end of the five minutes, please Pay Attention to the clock and make those answers after the time has run out prompt and efficient. Seconds i will do a tap on the gavel. The speaking order process, senator brown and i have agreed to go by seniority for this first hybrid hearing. With that, let me start out. Our federale all of predental regulators, the Federal Reserve vice chairman of supervision randal quarles,the co
Yeas and nays are ordered. He orvotes objected to under the house irule 20. Proceedings on postponed questions at a later time. For what purpose does the gentleman from california seek recognition . Madam speaker, i move hat house suspend the rules and pass that the house suspend the rules and pass h. R. 2227, as amended. The speaker pro tempore the clerk will report the title of the bill. The clerk h. R. 2227, a bill to amend the Service Members civil relief act to authorize spouses of Service Members to incur a catastrophic injury or illness or die while in military service to terminate leases of premises and Motor Vehicles and for other purposes. The speaker pro tempore pursuant to the rule, the gentleman from california, mr. Takano, and the gentleman from tennessee, mr. Roe, each will control 20 minutes. The chair recognizes the gentleman from california, mr. Takano. Mr. Takano madam speaker, i ask unanimous consent that unanimous consent that all members have five legislative days
[inaudible] reform of the United States house of representatives. Good morning. May it please the court [inaudible] private financial records, foremost, in many cases, have rules to name president. [inaudible] do you dispute that the House Authority . But it has the power to issue a subpoena, the house itself . Not the constitutional power. The house itself. Your argument sounded to me all about the delegations of the committee not being explicit. The house itself did not have you just said the house had to be explicit that it was giving to the committee. Right. Im sorry [inaudible] could have subpoena power. [inaudible] yeah. Im sorry. On your first nonconstitutional argument, but set aside, im taking, given your issues about within the legislative, but just to understand im trying to understand your statement and that is, yes, the house itself could issue the subpoena and would be over so the house has it and whether it gave it to the committee . Correct. [inaudible] whether the Comm
This is an hour and 20 minutes. Today, the committee turns its focus to the export, import men come the United States. Kimberly reed was elected chairman along with judith prior. The nominations of the Board Members have been approved by this committee and are pending on the full senate floor. The United States exporters are able to compete very effectively in International Markets on the basis of price and quality. However, when aggressive foreign governments provide subsidies as a matter of policy or practice to their exporters, u. S. Exporters are placed at a competitive disadvantage purely because of such financing arrangements. ,ccording to the 2017 xm Bank Competitiveness report, chinese export credit agencies provided a more medium and longterm investment support than the rest of the world combined. As President Trump and other senior officials in his administration have noted, a fully functioning exportthanks the import bank has ability to provide financing and level the Playin
The scope of safeguards and there could be some extensions of authority that are appropriate as part of this agreement. The iaea will require continued Financial Support. The process for Financing Agency activities is to get approval i should wind back again. The iaea is a member of the United Nations family of organizations. As such, it has its own membership and has its own budget and a formula for assessing members in accordance with approved budget to carry out programs. To change that requires today the approval of the 35 governors which is very difficult under any circumstance so whether all 35 would be enough or whether it forcing it to a vote is unusually not the way that the agency would operate. So i would hope that part of the American Perspective on how it can make this effort succeed is to consider a contingency grant to the agency of something on the order of 50 million which sounds like a nice round number but it is much smaller than the i have to say, i dont know exactl