Into structured security. Later president ial envoy talks about President Trumps decision to withdraw u. S. Troops from syria and how it might impact u. S. National security. Treasury secretary steven minh mnuchin and housing sec. Ben carson on capitol hill to testify about access to a portal housing and finance reform option. Lawmakers heard testimony from the head of the federal Housing Finance agency and this hearing is under three hours. We will come to order. Without objection the chair is authorized to declare a recess for the committee at any time. This hearing is entitled the end of Affordable Housing, a review of the Trump Administrations plan to change Housing Finance in america. Before i recognize myself members, today is [inaudible]s birthday come back if anyone wishes to sing happy birthday please save it until later. [laughter] we all thank you for that. Happy birthday. We now recognize myself performing its given soft Opening Statement. Good morning. Today we are here to
Well come to order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled the end of Affordable Housing, question mark. A review of the Trump Administrations plans to change Housing Finance in america. Before i recognize myself, members today its mr. Mchenrys birthday. If anyone wishes to sing happy birthday, please save it until later. Thank you. We all thank you for that, madam chair. Happy birthday. And i now recognize myself for four minutes to give an Opening Statement. Good morning. Today were here to discuss the impact of the Trump Administrations Housing Finance reform plans. We are joined by treasury secretary Steve Mnuchin, h. U. D. Secretary ben carson, and federal Housing Finance agency director. Welcome. Let me say up front that the Trump Administrations Housing Finance reform plan would be a disaster for our housing systems. The Trump Administration is threatening to end the conservatorship of the enterprise
Bill also works to lower the compliance burden on Financial Institutions, most of which are Community Banks, by establishing several tools to allow for more targeted sharing of b. S. A. , is bsaamlrelated information. Studies kes modest and waste ways to reduce the cost associated with researching and writing suspicious activity reports. The bill also creates a new privacy and Civil Liberties officer, as well as an innovation officer in each of the federal financial regulators. And importantly, the bill imposes new penalties on Financial Institutions and personnel that violate the law and creates a Whistleblower Program to encourage and protect those who identify such bad acts. R. 2513, as amended, has the strong support of Financial Institutions. It is also supported by n. G. O. s like the aflcio, global witness, oxfam america, friends of the earth, jubilee u. S. A. Network, and the Small Business majority, all of which are members of the transparency focus fact coalition. Its widely
She is set to testify on how her agency can help with recovery of various areas by. Live coverage of this hearing on cspan three cspan3. As a reminder, please email it to documentsti mail. House. Gov. I want to thank our witness, the honorable. Is it deeann or deanna . For being here today. We are focusing on the current state of femas readiness, response, and recovery. Core mission is to help people before, during, and after disasters. Unfortunately, fema has added layers and adopted political agendas. The Biden Administration is imposing an agenda focused on Climate Change and equity which is diverging away from femas core mission. On august 28, the committee was alerted that the Disaster Relief fund would move to immediate needs funding until additional funds are appropriated. Federal reimbursements, recognized tribes for longterm disaster cover, projects are halted. Instead, the remaining balance is reserved for any Immediate Response activities. First asked fema in february. It is
Her agency can help with recovery of various areas by. Live coverage of this hearing on cspan three cspan3. As a reminder, please email it to documentsti mail. House. Gov. I want to thank our witness, the honorable. Is it deeann or deanna . For being here today. We are focusing on the current state of femas readiness, response, and recovery. Core mission is to help people before, during, and after disasters. Unfortunately, fema has added layers and adopted political agendas. The Biden Administration is imposing an agenda focused on Climate Change and equity which is diverging away from femas core mission. On august 28, the committee was alerted that the Disaster Relief fund would move to immediate needs funding until additional funds are appropriated. Federal reimbursements, recognized tribes for longterm disaster cover, projects are halted. Instead, the remaining balance is reserved for any Immediate Response activities. First asked fema in february. It is a long time ago now what it